Doha: Oil prices moved slightly higher Thursday 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 Qatar News Agency, the recent attacks on Russian oil facilities by Ukrainian forces have raised concerns about the stability of oil supplies. The ongoing conflict and lack of progress in peace negotiations have further complicated the situation, leaving markets uncertain about the future availability of Russian oil.

The increase in oil prices reflects these uncertainties, as traders remain cautious about potential disruptions in supply. The geopolitical tensions between Ukraine and Russia continue to influence market dynamics, with both regional and global implications for oil distribution.

The stalled peace talks have also contributed to the market's apprehension, as any resolution could potentially lead to the restoration of more stable Russian oil exports. However, with negotiations at an impasse, the outlook remains unclear, prompting a cautious response from oil markets.