Oil Prices Hold Near Four-Month High

Oil prices remained mostly unchanged yesterday, hovering near their four-month highs, following a breakout from a period of range-bound trading last week. However, the potential for increased exports from Russia was a factor in the market, particularly in light of Ukrainian attacks targeting



refineries.

In intra-day trade, Brent crude was trading at 86 dollars and 83 cents per barrel. West Texas Intermediate crude price was at 82 dollars and 77 cents per barrel when reports last came in.