Oil was on track for the biggest weekly gain since June after US sanctions on major Russian producers upended the market, raising the prospect for supply disruptions and greater demand for alternative grades.

Brent traded near $66 a barrel after jumping 5.4% in the previous session, while West Texas Intermediate was below $62. Russian crude flows to key buyer India are expected to plunge following the penalties on Rosneft PJSC and Lukoil PJSC, though the impact on China’s purchases is less clear.

Still, President Donald Trump plans to raise Chinese buying of Russian oil with his counterpart Xi Jinping at a meeting next week. Moscow may look for the Asian nation to take more barrels if India exits the trade, but the world’s second-biggest economy is unlikely to mop up all the surplus crud

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