Muscat: Oil prices moved slightly higher today after Ukrainian attacks on Russia's oil infrastructure signaled potential supply constraints, and stalled peace talks tempered expectations of a deal restoring Russian oil flows to global markets. Brent crude rose 14 cents, or 0.22%, to $62.81, while US West Texas Intermediate rose 16 cents, or 0.27%, to $59.11.

According to Oman News Agency, the recent developments have heightened concerns over the stability of oil supplies. The Ukrainian attacks have disrupted significant portions of Russia's oil infrastructure, leading to worries about reduced output and deliveries. These incidents have coincided with a pause in peace negotiations, further clouding the prospects for a resolution that could see Russian oil return to the global market in greater volumes.

The combination of these factors has resulted in a cautious response from the oil market, with prices experiencing a slight upward movement. Market analysts are closely watching the situation, as any further escalation in the region could lead to more pronounced effects on oil prices and global supply chains.