Crude oil prices climbed by 1% on Friday amid uncertainties regarding a ceasefire deal between Russia and Ukraine, which could boost Russian energy supplies on the global market.
The day before, Russian President Vladimir Putin said he is open to a 30-day ceasefire, but only if it leads to "long-term" peace. Meanwhile, his Ukrainian counterpart Volodymyr Zelesnky insisted that Putin wants to reject a ceasefire proposal but is "afraid" to tell it directly to United States President Donald Trump.
West Texas Intermediate for settlements in April advanced by 1.23% at 5:16 am ET, selling for $67.30 per barrel. At the same time, Brent for deliveries in May rose by 1.04% to trade for $70.58 per barrel.
