Reported about 7 hours ago
Oil prices have increased sharply, driven by the International Energy Agency's concerns over potential disruptions in Russian oil supplies due to US sanctions, alongside a significant decline in US crude inventories. With West Texas Intermediate surpassing $80 a barrel and Brent nearing $82, traders are navigating the market's turbulence, highlighted by decreasing oil stock levels and challenges faced by traditional buyers of Russian crude.
Source: YAHOO