WTI Crude hovers around $66 per barrel in Asia

WTI Crude oil futures edged higher in Asian trades on Monday but saw tentative moves overall as fresh EU sanctions on Russian crude exports stoked fears of tighter global supply. The EU?s 18th sanctions package includes a ban on products refined from Russian oil in third countries, adding to market uncertainty. This move comes after US President Donald Trump warned of sanctions on Russian oil buyers unless a peace deal is reached within 50 days. WTI oil is currently trading down 0.36% to trade $65.80 per barrel. Meanwhile, the US dollar index held near 98 after two weeks of gains, with markets focusing on trade negotiations and upcoming economic data, including the June reading of leading indicators.

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