Oil on Track for Weekly Gain

Crude oil prices were trading higher today, on course for another week of gains despite headwinds from the world of geopolitics and another weekly inventory build estimated for the United States. Brent crude was trading at $76.27 per barrel at the time of writing and West Texas Intermediate was changing hands for $72.27 a barrel after the Energy Information Administration reported a build in crude oil stocks for the second week of February, with drawdowns in fuels as refinery maintenance season begins. In geopolitics, prices were pressured by U.S.-Russian…