Oil Prices Rise Amid Escalating Russia-Ukraine Conflict

Reported 1 day ago

Oil prices increased nearly 2% as fears of supply disruptions grow due to the escalating Russia-Ukraine conflict. West Texas Intermediate settled at $70.10 per barrel, and Brent crude closed at $74.25 per barrel, following reports of missile launches and shifts in Russia's nuclear policy. Despite a rise in U.S. crude inventories, traders remain focused on geopolitical tensions that threaten global oil supplies.

Source: YAHOO

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