💨 Abstract

Oil prices slightly increased on Wednesday due to a draw in fuel inventories in the U.S., while investors monitored a limited ceasefire in Ukraine. Brent crude rose 0.52% to $70.93, while U.S. WTI gained 0.51% to $67.24. The increase came despite a rise in U.S. crude stocks, as distillate inventories fell.

Courtesy: theprint.in

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