Crude Oil Gains in Asia After Weekly Drop Amid EU Sanctions Push, Ukraine Strikes

On Monday, September 22, 2025, crude oil prices moved higher during Asia, recovering from a weekly decline as traders assessed the potential effects of new European Union measures targeting Russia’s energy revenues, along with a wave of Ukrainian attacks on energy infrastructure.

As of 21:50 ET (01:50 GMT), Brent crude futures for November delivery rose 0.6% to $67.06 per barrel, while West Texas Intermediate (WTI) crude futures increased by 0.5% to $63.02 per barrel.

Last week, Brent futures slipped nearly 0.5%, weighed down by pressure from President Donald Trump to bring oil prices lower.

EU Sanctions Pressure Intensifies

On Friday, the European Commission proposed its 19th package of sanctions against Russia, targeting traders, refineries, and petrochemical companies in third countries — including China, that violate existing restrictions on Russian energy imports.

The proposal also includes plans to blacklist 118 vessels that are part of Russia’s so-called “shadow fleet.”

Additionally, the EU is considering advancing the start date of its ban on Russian liquefied natural gas (LNG) imports, potentially moving it up to January 1, 2027, in response to pressure from the United States.

Also Read: Gift Nifty Slips Ahead of IT Pressure on Sept 22: How Is the Indian Stock Market Likely to Open Today?

U.S. officials have expressed strong support for the new measures. Trump has urged the EU to impose severe tariffs on major buyers of Russian oil, particularly China and India, and has called for a faster transition away from Russian energy. At the same time, Ukraine has increased its attacks on key elements of Russia’s energy-export infrastructure.

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