Crude oil prices ticked higher on Wednesday on signs that Chinese demand was picking up and the latest escalation between Russia and Ukraine. Brent crude was trading at $73.25 per barrel at the time of writing, with West Texas Intermediate at $69.39 per barrel. Both have added over $2 per barrel since last Friday after Ukraine shot ATACMS missiles at targets in Russia following the Biden administration’s U-turn on using the weapons for striking Russian territory. “This marks a renewed build up in tensions in the Russia-Ukraine war and…
