Oil futures climbed sharply on Wednesday, with U.S. prices marking their highest finish in over two weeks. Prices got a boost from ongoing worries over global supply disruptions from the Russia-Ukraine war, as well as data showing weekly declines in U.S. crude, gasoline and distillate inventories. “We continue to expect WTI oil to be range bound in the $100 – $120 area until there is resolution of the Ukraine war,” said Jay Hatfield, portfolio manager of InfraCap Equity Income ETF. It’s “still unclear what percent of Russia’s 6 million barrels of exports will make it into the international market,” he said. West Texas Intermediate crude for May delivery CLK22,
Source: Marketwatch