Reported 3 days ago
Oil prices continued to rise, supported by strong demand in the U.S. and ongoing geopolitical tensions related to the Ukraine war. Brent crude reached a two-week high at $67.11 per barrel, while U.S. WTI crude rose to $63. A significant drop in U.S. crude inventories and steady gasoline demand during the summer travel season contributed to the price boost. However, there remains a cautious outlook as traders monitor peace negotiations in Ukraine, which could impact future oil prices.
Source: YAHOO