World oil prices rose after a US court blocked the bulk of tariffs imposed by the Donald Trump administration.
This was reported by Economic Pravda with reference to Reuters.
The report said that Brent crude futures rose by 78 cents, or 1.2%, to USD 65.68 per barrel on Thursday.
American WTI rose by 78 cents, or 1.3%, to USD 62.62 per barrel.
A US federal court ruled that Trump exceeded his authority when he imposed general tariffs on imports from partner countries.
This supported risk appetite in global markets.
However, analysts warn: the effect may be short-lived, as the Trump administration has already announced an appeal.
The market also fears new restrictions on russian oil, while OPEC+ may agree to an accelerated increase in production.
ING analysts expect the group to approve another increase of 411,000 barrels per day and continue to increase production until the end of the third quarter, "with a focus on protecting market share."
Adding to the risks to supply is the situation with Chevron, which has stopped oil production in Venezuela after losing a license previously issued by the US government.
Back in April, Venezuelan authorities canceled shipments of Chevron oil due to uncertainty about sanctions.
Before that, the company exported about 290,000 barrels per day - more than a third of the country's volume.
In addition, a forest fire in Alberta, Canada, forced the shutdown of some oil production facilities and led to the evacuation of residents of one of the cities.
As Ukrainian News Agency earlier reported, oil prices rose on May 26 after US President Donald Trump extended the deadline for trade negotiations with the European Union, easing concerns about the impact of US tariffs on the EU, which could hurt the global economy and fuel demand.
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