Reported 3 days ago
Oil prices increased due to supply disruptions in the U.S. and Russia, as markets await developments in Ukraine peace negotiations. Brent crude rose by 0.3% to $76.04 per barrel, while U.S. West Texas Intermediate also saw a 0.3% increase to $72.08. Russian oil flows through a key pipeline were cut by up to 40% following a drone attack, and cold weather in the U.S. is predicted to reduce production significantly. Meanwhile, discussions between the U.S. and Russia regarding the Ukraine conflict and potential tariffs on imports may impact the broader economic and oil supply landscape.
Source: YAHOO