💨 Abstract

Oil prices rose on Monday due to escalating tensions between Russia and Ukraine, but were capped by worries about fuel demand in China and global oil surplus. Brent crude and WTI increased slightly, but dropped more than 3% last week due to weak data from China and IEA's forecast of excess supply. The Biden administration allowed Ukraine to use U.S.-made

Courtesy: theprint.in

Summarized by Einstein Beta 🤖