Oil prices rise after U.S. approves Ukraine use of long-range missiles inside Russia

Oil futures rose on Monday, reaching their highest level in over a week, following President Joe Biden’s decision to allow Ukraine to use U.S.-supplied long-range missiles to target deeper into Russia, a major oil producer. This move led to increased geopolitical tensions and concerns about potential disruptions in the global oil supply, driving prices higher. Investors responded by pushing oil futures up as they monitored the situation closely for further developments.

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