💨 Abstract

Oil prices slightly increased on Wednesday, following a draw in U.S. fuel inventories. Investors are monitoring a temporary ceasefire in Ukraine, with concerns about potential Russian energy exports to global markets. The Federal Reserve's interest rate decision is also being closely watched. crude stocks rose more than expected, but distillate inventories fell, leading to a net draw in products.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖