Oil rebounds on tight supply, prospects of new Russia sanctions Posted on March 30, 2022 by cngpump Brent crude futures were up $2.6, or 2.4% at $112.81 by 0703 GMT, reversing a 2% loss in the previous session. Related posts: Oil price: Crude oil futures climb as supply concerns linger Oil price climbs on pressure from Ukraine conflict, tight market Oil price rebounds after reports of fire at Aramco oil facility Crude oil prices fall, continuing downward trend from last week Crude oil opens higher as EU members weigh Russian oil ban Oil jumpy as US weighs Russia oil embargo without allies Oil futures open higher on IEA warning on Russian supplies Global crude oil prices extend losses ahead of Fed meeting Global oil price slumps as Shanghai shuts to curb COVID surge Crude oil price extends losses; Russia to fulfil supply contracts