Energy Preview: WTI crude oil futures hold around one-month high

WTI crude oil futures are holding around a one-month high on Wednesday morning in Asia following a near 2.5% gain in the previous session as concerns over supply disruptions increased following strikes on Russian energy sites by Ukraine in the ongoing Russia-Ukraine war. Currently, the counter is quoting at $65.50 per barrel, down 0.14% on the day after having surged above $66 mark during intraday moves yesterday. Oil Focus now shifts on the release of the American Petroleum Institute (API) weekly crude oil stock, which will be published later on Wednesday.

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