💨 Abstract

Oil prices increased on Thursday in Asian trading, recovering from a drop the previous day, as Saudi Arabia raised March oil prices following U.S. sanctions on Russia and increasing demand from China and India. The U.S. imposed new sanctions on Russia's oil trade and China announced tariffs on U.S. oil imports, but the impact is expected to be limited.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖