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Oil Prices Edge Up After Ukrainian Strikes on Russian Pipeline Raises Supply Concerns
Brent crude climbs to $62.
Crude oil prices rose modestly after reports that Ukrainian forces struck Russia’s Druzhba pipeline a key route supplying oil to Europe and stalled peace talks renewed fears of supply disruption. By 01:02 GMT, Brent crude traded at $62.81/barrel and U.S. West Texas Intermediate at $59.11. Analysts said the rise was limited by weak global demand, yet geopolitical risk has nudged markets toward a tighter supply outlook.