Oil eases after rising to two-week high on Russia-Ukraine supply concerns

Russia-Ukraine supply concerns

Crude Oil prices slightly decreased on Tuesday, following a nearly 2% surge in the previous session, as traders closely monitor the Russia-Ukraine conflict’s potential impact on fuel supplies. Concerns over supply disruptions due to Ukrainian attacks on Russian energy infrastructure and anticipated U.S. sanctions on Russian oil are influencing market sentiment. Traders are also awaiting U.S. inventory data.

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