Oil Prices Inch Up on China Demand and Ukraine Escalation ...Middle East

Crude oil prices ticked higher on Wednesday on signs that Chinese demand was picking up and the latest escalation between Russia and Ukraine. Brent crude was trading at $73.25 per barrel at the time of writing, with West Texas Intermediate at $69.39 per barrel. Both have added over $2 per barrel since last Friday after Ukraine shot ATACMS missiles at targets in Russia following the Biden administration’s U-turn on using the weapons for striking Russian territory. “This marks a renewed build up in tensions in the Russia-Ukraine war and…

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