October WTI Crude Oil futures hit a new high before dropping to the bottom of its recent trading range. The U.S. and EU are considering new sanctions on Russia and its allies. The U.S. Treasury urged the G7 and EU to impose tariffs on China and India for purchasing Russian crude. Early strength in the dollar pushed Crude Oil futures off their highs, but the dollar's eventual decline helped WTI Crude Oil futures finish with a positive close for the day.