(Bloomberg) -- Oil surpassed $80 a barrel as traders digested a report that Indian oil processors are bracing for new US sanctions that would hit flows from Russia.
Brent futures rose to as much as $80.54 in London, the highest since October. The US sanctions would target more than 180 tankers carrying Russian oil, as well as maritime insurance providers based in the country, according to Reuters.
--With assistance from Julia Fanzeres.
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