Oil Updates — Crude edges up; Turkiye’s natural gas find in Black Sea now comes to 710 bcm 

Oil Updates — Crude edges up; Turkiye’s natural gas find in Black Sea now comes to 710 bcm 

RIYADH: Oil prices rose in light trade on Tuesday on concerns that winter storms across the US are affecting logistics and production of petroleum products and shale oil. Brent crude was up 50 cents, or 0.60 percent, at $84.42 a barrel by 07.50 a.m. Saudi time, while US West Texas Intermediate crude was at $80.03 a barrel, up 47 cents, or 0.59 percent. The two benchmarks touched their highest since Dec. 5 earlier in the session. On Friday, Brent rose 3.6 percent, while WTI gained 2.7 percent. Both benchmarks recorded their biggest weekly gains since October. British and US markets were closed on Monday for the Christmas holiday. Russia’s Sberbank on Monday accused Glencore of choosing not to foot a bill for oil supplied via the Russian lender, saying the global commodities trader could have found a way to pay up without violating Western sanctions. Sberbank has taken legal action to recover debt and penalties from Glencore Energy UK Ltd. over the two consignments, supplied by a subsidiary of Russia’s largest bank in March. They were worth roughly 58 million euros ($62 million) each, according to Moscow court filings. “Glencore is refusing to pay, citing sanctions,” Sberbank First Deputy Chairman