Oil prices are rising on Wednesday due to disruptions in oil supplies in the U.S. and Russia, and markets are awaiting details regarding peace talks on Ukraine, brokers report. A barrel of West Texas Intermediate crude for March delivery costs about $72 on NYMEX in New York,

Oil prices climbed on Tuesday morning following a drone attack on a key Russian pipeline, but the potential of Russian crude returning limits upside.

Oil flow through the Caspian Pipeline Consortium (CPC), a major route for supplying Kazakhstan and exporting to the global market, was reduced by