Reported about 18 hours ago
Oil prices increased by 1% amid fears of supply disruptions from ongoing Russia-Ukraine tensions and a weakening dollar. Brent crude was priced at $68.10 a barrel, while West Texas Intermediate rose to $64.66. Despite recent gains, markets show uncertainty, with fears of a surplus due to increased OPEC+ production overshadowing geopolitical issues. Analysts predict an increase in oil inventories moving towards the end of 2025, while investors await key U.S. economic data.
Source: YAHOO