Oil prices dip as investors take profits after seven-week high
Oil prices edged down as investors booked profits after a jump to a seven-week high during the prior session on a surprise drop in U.S. weekly crude inventories and concerns Ukraine’s attacks on Russia’s energy infrastructure could disrupt supplies.
Brent futures LCOc1 dropped 18 cents, or 0.26%, to $69.13 a barrel by 0013 GMT, while U.S. West Texas Intermediate (WTI) crude futures CLc1 dropped 20 cents, or 0.31%, to $64.79 a barrel.
