Asian exchanges reported a 4% increase in oil prices compared to last week as analysts predict a decline in oil supply as attacks on the Russian energy infrastructure continue, according to Reuters.
As of March 18, the cost of Brent Crude futures for oil supply in May increased by $0.32 (0.4%) to $85.66 per barrel. The cost of April’s contract for West Texas Intermediate (WTI) increased by $0.40 (0.5%) to $81.44, while the cost of May’s contract for WTI rose $0.37 (0.5%) to $80.95 per barrel.
«Drone attacks against Russian refineries last week added a $2 to...