💨 Abstract

Oil prices increased on Wednesday due to potential supply disruptions from U.S. sanctions on Russian tankers, though the impact remains uncertain. Brent crude rose 0.36% to $80.21 a barrel and U.S. West Texas Intermediate was up 0.43% to $77.83. The International Energy Agency (IEA) stated that the latest round of sanctions could significantly disrupt Russian oil supply and distribution.

Courtesy: theprint.in

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