U.S. sanctions Russian oil refining sector U.S. exempts Russian oil and gas exports for now OPEC+ maintains 400,000 bpd output increase in March U.S. SPR stocks near 20-year low – EIA Cushing lowest since 2018 – EIA SINGAPORE, March 3 (Reuters) – U.S. sanctions targeting Russian refineries, disruptions to shipping and a fall in U.S. crude stocks to multi-year lows kept oil prices racing on Thursday as Brentcharged towards $120 a barrel, its highest in almost a decade. Brent crude futures rose as high as $119.84 a barrel, the highest since May 2012. The contract was at $119.78 a barrel, up $6.85, or 6.1%, by 0752 GMT. U.S. West Texas Intermediate crude hit a high of $116.57, the loftiest since September 2008, and was at $116.41 a barrel, up […]