Oil prices rise after supply concerns resurface as Ukraine peace talks stall
Oil prices rose on Wednesday as supply concerns are resurfacing while peace talks ending Russia’s invasion of Ukraine are likely to take longer, leaving in place sanctions on Russian crude and raising the chance of further restrictions on its buyers.
Brent crude futures were at $65.93 a barrel by 0149 GMT, up 14 cents, or 0.21%. U.S. West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, rose 37 cents to $62.72 a barrel, up 0.59%.
