💨 Abstract

Oil prices dipped to two-month lows on Wednesday due to a surprise build in U.S. fuel stockpiles and potential peace talks between Russia and Ukraine. Brent crude and U.S. West Texas Intermediate fell 0.42% and 0.29%, respectively. The unexpected rise in gasoline and distillate inventories, despite a decline in crude stockpiles, signaled demand weakness.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖