Crude oil futures ended higher on Tuesday on fears over supply disruptions due to winter storm Elliott, and China's decision to ease travel restrictions. Oil prices were also supported by reports Russia might cut oil output early next year. Also, Russian President Vladimir Putin announced a ban on the sale of oil which would allow exports to countries imposing a price cap only in the case of a special exemption from the Kremlin.
Benchmark crude oil futures for February delivery rose $0.18 or 0.21 percent at $79.73 a barrel on the New York Mercantile Exchange. Brent crude for February surged $0.41 or 0.5 percent to settle at $84.33 a barrel on London's Intercontinental Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: