Reported 3 days ago
Oil prices saw a slight increase due to the intensifying conflict in Ukraine and signs of recovering Chinese crude imports, even as rising U.S. crude stock levels tempered overall gains. Brent crude futures rose to $73.40 per barrel, while U.S. West Texas Intermediate increased to $69.53 per barrel. The ongoing war, marked by Ukraine's recent missile strikes on Russian territory, raises concerns about potential supply disruptions, while improved import data from China supports bullish sentiment in the market.
Source: YAHOO