Oil Prices In Asian Trading Receives An Uptick On Concerns Over Global Supply Constraints

Oil prices in Asian trading received an uptick yesterday on concerns over global supply constraints brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to surges in price



pressure.

 

The Brent crude oil futures were up by 0.57 percent and traded at 85 dollars and 92 cents whereas Western Texas Intermediate gained 0.63 percent and traded at 81 dollars and 14 cents.