💨 Abstract

Oil prices retreated on Tuesday following a rally the previous day due to production halt at Norway's Johan Sverdrup oilfield. However, concerns over the Russia-Ukraine war persist, with Russia unleashing airstrikes on Ukraine and the U.S. allowing Ukraine to use U.S.-made weapons to strike deep into Russia. Meanwhile, supply concerns remain due to production issues at oilfields in Norway and Kazakhstan.

Courtesy: theprint.in

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