Oil Prices Climb As Potential Sanctions On Russia Raise Supply Concerns

Oil prices rose on Wednesday as escalating geopolitical tensions in the Middle East and the prospect of tougher US sanctions on Russia fueled supply concerns. Brent crude climbed 0.7% to $66.85 per barrel, up from $66.38 in the previous session, while West Texas Intermediate (WTI) gained 0.7% to $62.95. The rally followed Israeli airstrikes targeting … Continue reading Oil Prices Climb As Potential Sanctions On Russia Raise Supply Concerns