💨 Abstract

Oil prices rose on Monday due to escalating conflict between Russia and Ukraine, but were capped by concerns about fuel demand in China and a forecasted global oil surplus. Brent crude gained 0.4% to $71.33, while WTI rose 0.3% to $67.20. The intensified fighting has led to a significant reversal of U.S. policy, allowing Ukraine to use U.S.-made

Courtesy: theprint.in

Summarized by Einstein Beta 🤖