Oil prices steady on worries about geopolitical risks to supply
Oil prices held firm on Tuesday as traders weighed up risks from Ukrainian drone strikes on Russian energy sites, mounting U.S.-Venezuela tension and mixed expectations for U.S. fuel inventories.
Brent crude futures rose 7 cents, or 0.1%, to $63.24 a barrel by 0657 GMT. U.S. West Texas Intermediate crude gained 13 cents, or 0.2%, to stand at $59.45 a barrel.
Both benchmarks advanced more than 1% on Monday, while WTI was near a two-week high.
Reuters
Oil prices held firm on Tuesday as traders weighed up risks from Ukrainian drone strikes on Russian energy sites, mounting U.S.-Venezuela tension and mixed expectations for U.S. fuel inventories.
Brent crude futures rose 7 cents, or 0.1%, to $63.24 a barrel by 0657 GMT. U.S. West Texas Intermediate crude gained 13 cents, or 0.2%, to stand at $59.45 a barrel.
Both benchmarks advanced more than 1% on Monday, while WTI was near a two-week high.
Reuters
Oil prices held firm on Tuesday as traders weighed up risks from Ukrainian drone strikes on Russian energy sites, mounting U.S.-Venezuela tension and mixed expectations for U.S. fuel inventories.
Brent crude futures rose 7 cents, or 0.1%, to $63.24 a barrel by 0657 GMT. U.S. West Texas Intermediate crude gained 13 cents, or 0.2%, to stand at $59.45 a barrel.
Both benchmarks advanced more than 1% on Monday, while WTI was near a two-week high.
Reuters
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Oil prices steady on worries about geopolitical risks to supply
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