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Oil futures end higher as Russia bolsters its war efforts, lifting supply worries

oil futures end higher as russia bolsters its war efforts lifting supply worries

Oil futures climbed on Thursday to recoup much of the losses seen a day earlier, as Russia’s decision to partially mobilize reservists amid its war on Ukraine raised worries about global oil supplies. “Crude prices remain volatile as energy traders grapple with a deteriorating demand outlook that is still vulnerable to shortages,” said Edward Moya, senior market analyst at OANDA. November WTI crude CLX22, +0.75% edged up by 55 cents, or 0.7%, to settle at $83.49 barrel on the New York Mercantile Exchange.

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