💨 Abstract

Oil prices declined on Tuesday due to the resumption of production at Norway's Johan Sverdrup oilfield, but were supported by investor caution over the escalating Russia-Ukraine conflict. The outage at Kazakhstan's Tengiz oilfield, as well as the U.S.'s decision to allow Ukraine to use U.S.-made weapons to strike deep into Russia, added to geopolitical tensions.

Courtesy: theprint.in

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