Oil Prices Climb on Supply Concerns

PUKMEDIA

Oil prices

Global oil prices rose on Monday following reports of Ukrainian drone strikes on Russian energy facilities, fuelling fears of potential supply disruptions.

Brent crude, the international benchmark, traded at around $67.35 per barrel, while US benchmark WTI stood at about $63.05 per barrel.

Analysts say the gains reflect heightened geopolitical risks, particularly in Eastern Europe, which have added upward pressure to energy markets already sensitive to supply and demand shifts.



PUKMEDIA