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Oil prices climb as Russia-Ukraine ceasefire talks stoke volatile trading1

Oil prices climb as Russia-Ukraine ceasefire talks stoke volatile trading1
# 16 March 2022 08:40 (UTC +04:00)

Oil prices rose early on Wednesday, bouncing back after earlier falling more than $1 a barrel, as Russia's invasion of Ukraine continues to dominate volatile trading with ceasefire talks the latest market trigger, APA reports quoting Reuters .

Brent futures were up 83 cents, or 0.8%, at $100.74 a barrel at 0120 GMT. U.S. West Texas Intermediate (WTI) crude rose 58 cents, or 0.6%, at $97.02 a barrel. Both contracts had earlier declined more than $1, with Brent falling to $98.86 a barrel and WTI easing to $94.90 a barrel.

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