Brent crude oil prices rose on Wednesday to $90 a barrel, as low Cushing and distillate inventories combine with supply jitters in Europe, Russia-Ukraine tensions, and falling Russian seaborne crude imports from the Baltics. As of 11:00 a.m. EST on Wednesday, even after the weekly U.S. inventory report from the EIA showed a build in crude oil inventories, WTI Crude prices were up 1.
96% at $87.27, while Brent Crude briefly hit $90, up nearly 2% on the day. Brent crude hit the highest level since 2014 as inventories at the Cushing hub in Oklahoma—the…Brent Breaks $90 On Strong Fundamentals, Russia-Ukraine Crisis
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