Crude oil prices rose higher Tuesday after Ukraine used long-range missiles to attack Russia but observers say the gains were limited by Norway’s partial restart of one of its oilfields.
Still, the attack deep into Russia left investors wary and they are carefully assessing the direction of the war. Helping shore up an increase in prices are remaining supply issues in Kazakhstan’s largest oilfield where production is down 30% due to repairs.
West Texas Intermediate crude gained 23 cents or 0.3% to reach $69.39 a barrel on the New York Mercantile Exchange.
Brent crude went up one cent and closed at $73.31 per barrel.
Natural gas finished up 0.03 at $3.00 – change 0.84%.
Most Oklahoma energy stocks were in positive territory Tuesday with one firm, Unit Corporation, recording a 10% gain for the day.
