💨 Abstract

Oil prices rose on Wednesday due to concerns over potential disruptions in oil supply from Russia amid escalating hostilities in the Ukraine war. This overshadowed data showing a rise in U.S. crude stocks. Brent crude and U.S. West Texas Intermediate crude both increased by around 0.6-0.8%. The escalating conflict between Russia and Ukraine has maintained a floor under the oil market.

Courtesy: theprint.in

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