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Oil edges up on Ukraine, gold supported

Oil edging higher again as NATO questions Russian withdrawals Oil prices are trending higher again on Wednesday, despite tensions in Ukraine appearing to ease. They spiked late on Friday and at the start of the week as the perceived risk of a Russian invasion increased, threatening to impact supplies in an already extremely tight market. While crude has pulled back from the highs as Russian troops began leaving the border - NATO remains unconvinced by those assurances - the market remains extr

16-02-2022 07:32 GMT by Craig Erlam

Oil plunge could be short-lived, gold lower

Oil drops as Ukraine crisis eases Crude prices declined over expectations that Russia may soon pull some troops and on optimism that an Iran nuclear deal is within reach. Profit-taking with oil was inevitable after Russia’s Defense Ministry stated that some troops are starting to return to their regular bases after completing drills. Talks between German Chancellor Scholz and President Putin supported market expectations that an imminent Russian invasion seems less likely. The Ukraine situat

15-02-2022 15:23 GMT by Edward Moya