Oil settles higher after latest U.S. supply data, Russia-Ukraine cease-fire on energy infrastructure - MarketWatch

1. Oil futures gained despite early losses due to inventory data. 2. Crude inventories rose by 1.4 million barrels in the latest week. 3. Putin's stance on cease-fire adds uncertainty to crude prices. 4. Analysts anticipate bearish environment due to supply increase from OPEC+. 5. Gasoline demand fell while distillate draw surprised analysts.