Commodities

Oil Futures Close Sharply Higher On Drop In Inventories

Crude oil futures settled at over 2-week highs on Wednesday, lifted by data showing a drop in U.S. crude inventories and worries about supply disruptions due to the ongoing war in Ukraine.

Concerns about disruptions in crude exports from Kazakhstan's CPC terminal on Russia's Black Sea coast significantly contributed to the spike in oil prices.

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by RTTNews Staff Writer

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