1/28/2022, 2:26 PM (Source: TeleTrader)
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Oil gains 1% amid supply worries

Prices of oil futures advanced on Friday, continuing its three-day streak of gains, as the traders monitored the state of affairs tied to the row between Russia and the western countries, in order to determine its possible impact on the supply of crude.

On the earnings front, energy giant Chevron posted worse-than-anticipated financial results for the year's final quarter. The investors will also keep an eye on the weekly oil rig data, scheduled for release later during the day.

West Texas Intermediate for settlements in March added 1.66% at 8:15 am ET, selling for $88.07 a barrel, while Brent for Match deliveries jumped 1.7% a minute later, going for $90.88 per barrel.

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