Oil prices rose slightly after Ukraine intensified its attacks on Russia, raising concerns about potential disruptions in Russian oil supplies. Meanwhile, expectations of a U.S. interest rate cut improved the global growth outlook and boosted fuel demand prospects.
Brent crude futures rose 6 cents, or 0.09 percent, to $67.79. U.S. West Texas Intermediate (WTI) crude futures increased by 9 cents, or 0.14 percent, to $63.75.
Ukraine launched drone attacks on Russia, causing a sharp reduction in the capacity of a reactor at one of Russia’s largest nuclear power plants and triggering a massive fire at the Ust-Luga fuel export terminal.
Source (Al Arabiya.Net Website, Edited)
