Oil Prices Dip Slightly, Geopolitical Risks Still in Play

Early in trading, oil reversed its initial gains with Brent crude at $68.14 and WTI at 64.20 a barrel. Analysts observe that issues of supply-side are still on the high alert after the latest Ukrainian drone attacks on Russian energy infrastructure. Markets are already nervous about the danger of wider conflict, although the balance of demand has toned down the rally.