Oil prices were relatively flat this last week, with the WTI gaining approximately $1 per barrel or a 1.5% increase. The US benchmark still trailing below the $70 mark as the fundamentals keeps battling geopolitics.
The narrow price rang in crude oil prices could be the market digesting the escalation between Russia and the allies in the west with the US approving ATACMS missiles for Ukraine. The Biden administration gave Kiev the green light to fire long range weapons against targets inside Russia.
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