Oil prices rose sharply in early Asian trading on Thursday after US President Donald Trump announced sanctions on Russia's largest oil companies, a move that could potentially reduce global supplies.
This development helped crude oil prices recover further from the five-month lows they hit earlier this week, and positive US inventory data also provided additional support.
Brent crude futures for December delivery jumped as much as 3% to $64.4400 a barrel, while West Texas Intermediate crude futures rose 3% to $60.2600 a barrel
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