Oil Prices Climb on Geopolitical Tensions in Europe and the Middle East ...Middle East

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Oil Prices Climb on Geopolitical Tensions in Europe and the Middle East
Crude oil prices began the week with another rise, after last week saw a reversal of a two-week streak of gains on an abundance of glut predictions. The upward pressure on prices was back, however, as European pressure on Russia increases, with reports over the weekend of Russian aircraft entering Estonian airspace and neutral airspace over the Baltic Sea, plus airstrikes on western Ukraine that were close to the border with Poland. At the time of writing, Brent crude was trading at $67.15 a barrel, with West Texas Intermediate at $63.10 a barrel,…

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