On February 9, US oil was traded at around $78.44/ barrel. Oil prices rose for the third consecutive day on Wednesday. While US crude oil stocks climbed to the highest level since June 2021, investors felt more comfortable with risks after a speech made by the US Fed chairman the day before which eased market concerns about future rate hikes. And the geopolitical situation supports oil prices. Russia will launch anti-EU measures in early March.
Russia to Launch Anti-EU Measures in Early March
On February 9, US oil was traded at around $78.44/ barrel.
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