Latest Oil Market News and Analysis for November 22

Latest Oil Market News and Analysis for November 22

Oil headed for the biggest weekly gain since early October on an escalation of hostilities between Russia and Ukraine.

Brent traded above $74 a barrel, up more than 4% for the week, and West Texas Intermediate was near $70. The war has rapidly intensified following months of bloody attrition, with Russia launching a ballistic missile after the expanded use of Western-provided long-range weapons by Ukrainian forces.

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