Several major news events contributed to the rise in crude oil prices, such as Russia's border extension plans and missile attacks on Ukraine, impacting supplies. Fed's dismissal of early rate cuts may boost crude demand and prices.
U.S. Dollar Index near 105.00 following positive PMI and durable goods figures, potentially bolstering dollar index. OPEC+ virtual conference suggests no significant changes expected.
Mexico's oil production decrease and markets ruling out Fed rate cuts indicate diminishing chances of cuts before summer, despite bearish economic data.
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