Oil Prices Rise Amid Middle East Tensions, Ukraine Peace Talks Continue
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Oil Prices Rise Amid Middle East Tensions, Ukraine Peace Talks Continue

Oil prices saw an increase in early Asian trading as investors considered Middle East tensions that could impact supply. Brent crude futures rose by 0.94% to $61.21, and WTI crude was up 0.95% to $57.28. Geopolitical tensions in the Middle East and strikes on energy infrastructure in Russia and Ukraine are cited as reasons for the rise. Meanwhile, progress in Russia-Ukraine peace talks remains uncertain, with key details like territorial control in Donbas still unresolved.

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