Johan Sverdrup? Oil prices declined, pressured by the restart of production at Norway’s Johan Sverdrup oilfield, although investor caution arising from fears of an escalation in the Russia-Ukraine war limited the decline.
Brent crude futures were down 0.4 per cent to US$73.01 a barrel, while West Texas Intermediate (WTI) crude futures slipped 0.5 per cent to US$68.82.