1/25, 7:36 PM (Source: TeleTrader)
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Oil up 2% as geopolitical tumult spurs supply worries

Prices of oil futures advanced by more than 2% on Tuesday as geopolitical tensions, including the situation in Ukraine, reheated worries regarding the crude supply.

On the data front, the traders will keep an eye on the American Petroleum Institute's report regarding the United States crude oil inventories' movement for the week.

West Texas Intermediate for March deliveries jumped 2.36% at 1:25 pm ET, selling for $85.28 per barrel, while Brent for settlements in the same month added 1.99% a minute later, going for $87.98 a barrel.

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