Crude oil prices edge higher
Crude oil prices edge higher
Oil prices edged higher on Wednesday amid reports that an escalation in Russia-Ukraine conflict would not disrupt oil supply.
The international benchmark Brent crude was trading up 0.33% at $97.16 per barrel, at 7.00 am Makkah time.
West Texas Intermediate (WTI) crude rose 1.41% to $92.35 a barrel.
"The sanctions that are being imposed today as well that could be imposed in the near future are not targeting and will not target oil and gas flows," Reuters reported, citing a senior US State Department official.
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