Oil holds near one-week high on supply concerns


Brent futures rose 20 cents, or 0.3%, to settle at US$76.04 a barrel, while US West Texas Intermediate (WTI) crude rose 40 cents, or 0.6%, to settle at US$72.25.

NEW YORK: Oil prices held near a one-week high on Wednesday on worries about supply disruptions in Russia and the US, while the market awaited clarity on sanctions as Washington tries to broker a deal to end the war in Ukraine.

Brent futures rose 20 cents, or 0.3%, to settle at US$76.04 a barrel, while US West Texas Intermediate (WTI) crude rose 40 cents, or 0.6%, to settle at US$72.25.

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