💨 Abstract

On Wednesday, oil prices dropped as Russia agreed to a temporary truce on attacking Ukrainian energy infrastructure, potentially increasing oil supply in global markets. Brent crude fell 0.2% to $70.44, while West Texas Intermediate lost 0.2% to $66.75. The agreement comes after President Putin agreed to halt attacks on Ukrainian energy facilities, but stopped short of a full 30-day ceasefire.

Courtesy: theprint.in

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