Oil prices rise for first time in 3 days

Oil prices on Wednesday rose for the first time in three days, as West Texas Intermediate (WTI) Crude traded around $98 per barrel, while Brent Oil nears $102 after entering bear market territory the day before.

However, volatility is set to continue as traders await any developments on the ceasefire talks between Russia and Ukraine and assess the outlook for oil demand.

Source: Trading Economics