Reported 2 days ago
Oil prices fell due to the restart of production at Norway's Johan Sverdrup oilfield, though concerns over the escalating Russia-Ukraine conflict limited the decrease. Brent crude futures decreased by 0.6% to $72.85 per barrel, while U.S. West Texas Intermediate crude slipped 0.7% to $68.70. Analysts note that the strengthening U.S. dollar and ongoing supply issues, such as reduced output from Kazakhstan's Tengiz oilfield, also influenced market dynamics amid heightened geopolitical risks.
Source: YAHOO