Oil futures end higher as Russia bolsters its war efforts, lifting supply worries

Oil futures climbed on Thursday to recoup much of the losses seen a day earlier, as Russia’s decision to partially mobilize reservists amid its war on Ukraine raised worries about global oil supplies. “Crude prices remain volatile as energy traders grapple with a deteriorating demand outlook that is still vulnerable to shortages,” said Edward Moya, senior market analyst at OANDA. November WTI crude edged up by 55 cents, or 0.7%, to settle at $83.49 barrel on the New York Mercantile Exchange.

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