Reported about 7 hours ago
Oil prices saw a slight increase as the market reacted to a drop in U.S. crude stockpiles, although gains were limited by concerns over sanctions affecting Russian oil supply and a weakening demand outlook. Brent crude rose to $80.03 a barrel, while U.S. West Texas Intermediate reached $77.73. Analysts remain cautious about the potential loss of Russian supply and adjustments needed to offset a predicted oversupply in the coming years.
Source: YAHOO