2 days ago
- Business
- Wall Street Journal
Oil Futures Rise on Possible Position Adjustments
0004 GMT — Oil futures rise in early Asian trade on possible position adjustments amid a focus on a potential Russia-Ukraine peace deal. Planning of a multination force to be sent to Ukraine if a peace settlement is reached quickened on Tuesday. 'The probability of the U.S. placing stronger sanctions on Russia is waning, with the market expecting Russian oil trade to make a comeback as a result of the peace talks,' Rystad Energy's Mukesh Sahdev says in an email. However, 'this sentiment masks emerging signals toward upside,' the senior vice president says, citing signals including China's continued stockpiling. Front-month WTI crude oil futures are 0.4% higher at $62.60/bbl; front-month Brent crude oil futures are 0.4% higher at $66.08/bbl. (
