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Oil Eases After Rising to Two-Week High on Russia-Ukraine Supply Concerns

Oil Eases After Rising to Two-Week High on Russia-Ukraine Supply Concerns

Global oil prices saw a pullback on Monday after reaching their highest levels in two weeks. The movement came as oil eases after rising to two-week high on Russia-Ukraine supply concerns that have unsettled global markets in recent days.

Last week, crude prices surged as tensions in the Russia-Ukraine conflict deepened. Traders feared fresh disruptions to key energy supplies, pushing Brent and U.S. crude to multi-week highs. However, some of those gains eased as investors booked profits and assessed broader demand trends.

Analysts noted that oil eases after rising to two-week high on Russia-Ukraine supply concerns, but uncertainty remains. Any further escalation in the conflict could once again tighten supplies and fuel price volatility. Russia remains a critical global exporter of oil, and its shipments are closely watched by energy markets.

At the same time, demand signals have been mixed. While U.S. fuel consumption remains steady, concerns about slowing economic growth in China have weighed on demand outlook. This balance between supply risks and demand weakness has left traders cautious.

Market experts say the pullback was expected after the sharp rally. โ€œPrices rose quickly last week on geopolitical risks. A slight correction is natural,โ€ one analyst explained.

Still, oil eases after rising to a two-week high on concerns about Russia-Ukraine supply, and many traders are keeping a close eye on upcoming economic data and OPEC+ moves. Any production cuts or unexpected disruptions could quickly reverse the current easing trend.

In the coming days, investors will monitor both geopolitical tensions and demand forecasts to gauge the direction of oil prices. For now, the market remains volatile, with supply fears from the Russia-Ukraine conflict continuing to play a central role.

In Other News Read More : Oil Prices Drop as Ceasefire Eases Supply Fears

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