💨 Abstract

Oil prices held steady on Wednesday due to concerns over potential disruptions in Russian oil supply due to the escalating Ukraine war and increased Chinese crude imports. Brent crude was at $73.26, and WTI was at $69.39. The U.S. crude stocks rose by 4.75 million barrels, but this was offset by a drop in gasoline and distillate inventories.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖