Oil steady as Russia-Ukraine peace deal may ease supply chain disruptions

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Oil steady as Russia-Ukraine peace deal may ease supply chain disruptions - Business Standard

Quick Summary:

Brent crude futures ticked up 5 cents, or 0.07 per cent to $74.79 a barrel at 1003 GMT, while US West Texas Intermediate crude was up 8 cents, or 0.11 per cent at $70.

While oil flows via CPC were reduced after a drone struck the Kropotkinskaya pumping station in Russia's southern Krasnodar region, CPC said in a statement.

Support for prices came from weakness in US dollar, and reduced oil flows via the Caspian Pipeline Consortium (CPC).