<ul><li>Crude oil futures trade higher amid supply concerns with Brent oil futures up by 0.97% and WTI futures up by 1.25%.</li><li>US imposes new sanctions on Iran's oil exports, increasing pressure on Chinese importers of Iranian oil.</li><li>OPEC+ members announce updated compensation plans, with some members reducing production output.</li><li>US crude oil inventories increase while gasoline inventories decrease, and total products supplied show a decline compared to the same period last year.</li></ul>

Crude oil futures trade higher amid supply concerns

Discover more