Oil prices are slipping in early trading but are still on track for a modest weekly gain. Brent crude and WTI are both down 0.6% to $67.57 and $64.19 a barrel, respectively. The increase in prices is due to concerns over softer demand and risks of disruption to Russian supplies. Analysts at ING noted that the lack of progress towards a peace deal means sanctions and secondary tariffs continue to threaten the oil market. The recent attacks on Russian energy infrastructure by Ukraine and comments from German Chancellor Friedrich Merz have also influenced the market.

Read more at Dow Jones & Company: Oil Caught Between Demand Concerns and Geopolitical Risks