💨 Abstract

Oil prices rose on Tuesday due to concerns over reduced supply from Russia and Iran due to Western sanctions. Brent crude increased by 0.79% to $76.90 per barrel, while U.S. WTI crude gained 0.68% to $74.06. The increase is due to market participants pricing in small supply disruption risks on Iranian crude exports to China and increased demand for Middle Eastern oil.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖