💨 Abstract

Oil prices rose on Tuesday as concerns over tighter supply from Russia and Iran due to escalating Western sanctions increased. Brent and WTI crude climbed 0.80% and 0.63% respectively. The increase in Saudi Arabia's February oil prices to Asia, the first in three months, indicates improved demand for Middle Eastern oil. Additionally, China's Shandong Port Group has banned U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖