Oil prices near one-week high amid Russia supply disruptions, sanctions uncertainty

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Oil prices near one-week high amid Russia supply disruptions, sanctions uncertainty

Oil prices remained near a one-week high on Feb. 19 as concerns over supply disruptions in Russia and the U.S. continued to drive the market. Traders are also closely watching developments on potential sanctions relief, as Washington attempts to broker a peace deal between Russia and Ukraine. Brent crude settled at $76.04 per barrel, up 20 cents (0.3%), while U.S. West Texas Intermediate (WTI) crude closed at $72.25, gaining 40 cents (0.6%), acc…

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■ LONDON (Reuters) - Oil prices fell on Friday but were still on track for a weekly gain amid concerns over disruption to Russian supplies while uncertainty over a possible peace deal in Ukraine persisted. Brent crude futures fell 62 cents, or 0.81 percent, to $75.86 a barrel by 1304 GMT. West Texas Intermediate crude fell […]

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Brent futures fell 1.84% to $75.07 a barrel, while U.S. West Texas Intermediate (WTI) fell $1.46, or 2%, to $71.04 a barrel. Both benchmarks are on track for a weekly gain of 0.4%, with Brent in its second week of gains after three weeks of declines and WTI recording its first weekly gain after four weeks of declines. Investors have adopted a relatively neutral but cautious stance on oil prices, according to Ole Hansen of Saxo Bank, with Brent t…

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Oil steady, heads for weekly gain amid improving demand, supply jitters

TOKYO/SINGAPORE: Oil prices were steady on Friday and poised for a weekly increase amid an improving outlook for demand in the US and China. Concerns over supply disruptions in Russia also lent support. Brent futures dipped 3 cents to $76.45 a barrel by 0414 GMT while US West Texas Intermediate crude edged down 4 cents to $72.44. Both indexes have gained over 2% this week - the largest weekly advances since early January. Brent would be marking …

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Crude Oil Posts a 1-Week High on Supply Uncertainty

March WTI crude oil (CLH25 ) Thursday closed up +0.32 (+0.44%), and March RBOB gasoline (RBH25 ) closed unchanged. Crude oil prices Thursday climbed to a 1-week high and settled moderately higher. Thursday's weaker dollar was supportive of energy prices. Crude also has carryover support from this week's drone attack...