Oil nudges up on escalating Ukraine war, signs of improving China demand
Laila Kearney
(Reuters) - Oil edged up on Wednesday amid an escalation in the Ukraine war and signs of growing Chinese crude imports, while rising U.S. crude stocks checked overall price gains.
Brent crude futures gained 9 cents, or 0.1%, to $73.40 a barrel by 0003 GMT. U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, to $69.53 per barrel.
NVDA was naturally the key topic on everyone's mind. Big-picture, a nice beat seems widely anticipated tomorrow," said Joshua Meyers, executive director at JPMorgan.
"FY26 expectations have become quite ebullient, a worry that comes up increasingly in conversations ... Jensen’s commentary on the call will be particularly important to level-set expectations (or not)."
Overnight, investors were rattled by Ukraine's use of U.S. missiles to strike Russia, with Russia lowering the threshold for a possible nuclear strike, although those fears seem to have abated a little.
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