Oil prices rose by 0.94%-0.97%
As of 17 February 2022, 07:56 (UTC+3), Brent Crude futures for April settlement were trading 0.94% lower at $93.92 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for March delivery on the New York Mercantile Exchange fell by 0.97% to $92.75 a barrel.
Crude oil prices are decreasing the supply growth prospects.