Oil rises in volatile trade amid CPC pipeline disruption | Reuters
Oil prices rose in volatile trading on Wednesday, supported by disruption of Russian and Kazakh crude exports via the CPC pipeline.
Brent crude futures were up $3.13, or 2.7%, at $118.61 a barrel at 1100 GMT. Prices had earlier fallen to a low of $114.45.
U.S. West Texas Intermediate (WTI) crude futures rose $2.69, or 2.5%, to $111.96 a barrel. The contract had earlier slipped to a low of $108.38.
The market remains on edge over the prospect of further sanctions on Russia, the world's second-largest crude exporter, after its invasion of Ukraine, actions that Moscow calls a "special operation".
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