INSUBCONTINENT EXCLUSIVE:
ongoing tensions between Russia and Ukraine, which pose a risk to the global oil supply.West Texas Intermediate (WTI) for May fell by 0.40%
to $81.62 per barrel, and Brent for June dropped by 0.52% to $85.63 per barrel.These movements were noted on their respective exchanges:
Nymex and ICE.Analysts from Citi highlighted a possible rise in Brent to $90 in the near term, facing resistance at $95, a peak not seen
(Photo Internet reproduction)They see a chance for prices to edge between $88 and $90 if the upward trend persists into the second
quarter.Goldman Sachs reported that Ukrainian strikes on Russian energy infrastructure halved production, potentially taking weeks to
restore.City Index notes elevated oil prices post-spike, with attention on potential supply disruptions.The market is also anticipating the
Geopolitical tensions and distant policy decisions can sway prices and investor strategies.
