Oil prices in Asia have risen amid supply concerns following Ukraine's attacks on Russian refineries. This is reported by Reuters.
Brent futures rose 0.2% to $84.2 per barrel, while WTI crude rose 0.2% to $79.9. Both contracts rose on March 13 by about 3% to a four-month high amid strong demand in the United States and increased geopolitical risk.
"Strong US product exports led to a drop in gasoline stocks to a three-month low. The market also reacted to rising geopolitical risks after a Ukrainian drone attacked a Russian refinery," ANZ analysts said.
Supporting demand, the United States purchased about 3.25 million barrels of oil for the country's Strategic Petroleum Reserve for delivery in August.