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Geopolitics & Surging Natural Gas Prices Support Crude


WTI & Brent crude futures have added ~$1.20 vs. Friday’s settlement levels, with geopolitical tensions surrounding Russia remaining elevated (U.S. security officials pointed to a further increase in the number of Russian troops amassed on the Ukrainian border over the weekend, while U.S. & European sanctions targeting Russia remain in the offing) and a weather-driven surge in U.S. natural gas prices eyed. Wednesday’s OPEC+ meeting provides some event risk for participants this week.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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