Market News

    Oil prices firm after Ukrainian strikes on Russian oil infrastructure, stalled peace talks

    Oil prices moved slightly higher on Thursday after Ukrainian attacks on Russia’s oil infrastructure signalled potential supply constraints, and stalled peace talks tempered expectations of a deal restoring Russian oil flows to global markets, though weak fundamentals kept gains limited.

    Brent crude rose 14 cents, or 0.22%, to $62.81 by 0102 GMT, while U.S. West Texas Intermediate rose 16 cents, or 0.27%, to $59.11.

    Source : Investing.com