Commodity Superfast: Crude oil prices rise, Brent near $ 102, WTI crude crosses $ 97

Today Oil futures rose early, reversing sharp losses from the prior day, as the market weighed the potential for more sanctions on Russia`s energy sector and OPEC warned it would be impossible to increase output enough to offset lost supply. On the Multi Commodity Exchange (MCX), crude oil were trading with a bullish trend today. MCX Crude were trading ₹ 7,400 which is nearly 3.4% higher. Brent crude was about $102 per barrel and the US West Texas Intermediate (WTI) futures traded nearly $3 higher at around $ 97 a barrel.