Crude prices fall on US sanctions, market uncertainty
Crude oil prices fell 1.84% to ₹6,736 on profit-taking, despite continued support from US sanctions on Russian oil supplies. The US Treasury Department imposed sanctions on Gazprom (MCX:GAZP) Neft, Surgutneftegaz and 183 vessels in Russia’s shadow fleet, which could cut Russian oil exports by up to 800,000 barrels per day (bpd). However, lower oil imports…