Oil Prices Rise from Two-month LowsSingapore, 27 Feb (ONA) —- Oil prices rose today from their
lowest levels in two months, after US President Donald Trump
announced a reversal of Chevron’s license to operate in Venezuela,
which could lead to a decrease in global supplies of crude.
Brent crude futures rose 19 cents, or 0.3 percent, to $72.72 a
barrel, while US West Texas Intermediate (WTI) crude futures rose 16
cents, or 0.2 percent, at $68.78 a barrel.
Meanwhile, oil prices fell in yesterday’s session to their lowest
levels since 10 December 2024, affected by a surprise increase in US fuel
inventories and hopes for a potential peace deal between Russia and
Ukraine.—- Ends/Khalid
