OP: (Brent) Oil approaches $90 on firm demand, Ukraine invasion fears

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OIL PRICE reports:

– Brent crude creeps closer to $90 per barrel on Wednesday morning

– Russia-Ukraine crisis continues to spook oil markets

– Falling U.S. crude inventories support bullish fundamentals

Oil rose early on Wednesday to the highest level since 2014, with Brent approaching $90 a barrel, as resilient global demand despite the Omicron wave and fears of a Russian invasion of Ukraine supported prices.

As of 9:24 a.m. EST on Wednesday, before the weekly U.S. inventory report from the EIA, WTI Crude prices were up ...