Global crude oil prices edge up on Russia-Ukraine tension

Global crude oil prices edged up on Wednesday as geopolitical tensions in Europe and the West Asia raised supply concerns while investors locked in profits ahead of s from the US Federal Reserve and US oil inventory data. Brent crude oil futures edged up 0.2 percent at 88.33 dollars a barrel. The prices had jumped 2.2 per cent in the previous session. US crude was flat at 85.48 dollars a barrel after climbing 2.8 per cent on Tuesday. The Fed is expected to firm up plans to raise interest rates a...