OPEC+ quotas looks set to rise and US oil sanctions looks set to be toothless

Down this morning with concerns that US won’t enforce Russian oil sanctions towards China.

Brent crude closed up 0. 7% yesterday to a close of $65.

0/b after having traded in a fairly narrow range of $64.

06 – 65.

15/b.

This morning it is down 0.

1% at $64.

7/b while the ICE Gasoil crack is down 1% as reports from.