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Oil Extends Gains on Supply Uncertainties From Russia, OPEC+
Wednesday, 19 February 2025 17:42 WIB | OIL |brent oilOil,

Oil extended this week's advance on uncertainties around supplies from Russia, Kazakhstan and the rest of the OPEC+ alliance.

Brent rose for a third straight session, trading above $76 a barrel. OPEC+ is weighing pushing back a series of monthly supply increases due to begin in April, which would be the fourth delay if implemented.
At the same time, the exclusion of President Volodymyr Zelenskiy from US-led talks to end the war in Ukraine may slow an agreement and, consequently, the potential normalization of Russian crude flows.
Source: Bloomberg

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