India, Feb. 20 -- Oil prices fell from a one-week high on Thursday as investors weighed supply concerns against reports of rising crude inventories in the U.S.
The downside remained capped against the backdrop of uncertainties about crude supplies from Russia, Kazakhstan and OPEC+.
Benchmark Brent crude futures dipped 0.3 percent to $75.83 a barrel in European trade while WTI crude futures were down 0.4 percent at $71.84.
Investors await the outcome of talks to end the war in Ukraine. Amid tensions over trade and Ukraine, a meeting of foreign ministers from G20 countries will get underway in Johannesburg today.
U.S. Treasury Secretary Scott Bessent said he will skip the regular summit of finance leaders from the world's largest economie...