Oil prices rise amid ongoing Russia-Ukraine tensions
pre-market1 source ↓written by the desknot a recommendation
- $59
- in crude inventories
- 574,000 barrel build
Oil prices increased slightly, with West Texas Intermediate up 0.5% to around $59. This rise follows unsuccessful US-Russia talks aimed at resolving the Ukraine conflict, raising concerns about prolonged restrictions on Russian oil supply. The market remains cautious amid fears of oversupply, despite a recent 574,000 barrel build in crude inventories.
Not investment advice. For informational purposes only.