Oil prices edge up as Russia's fuel export ban stokes supply fears
Brent futures were up 80 cents at $94.10 a barrel by 1154 GMT, while U.S. West Texas Intermediate crude futures rose 95 cents to $90.58
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Brent futures were up 80 cents at $94.10 a barrel by 1154 GMT, while U.S. West Texas Intermediate crude futures rose 95 cents to $90.58
OIL prices rose on Tuesday for the fourth consecutive session, as weak shale output in the United States spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia.
West Texas Intermediary (WTI) crude oil barrels briefly peeked over the $93.00/bbl level in Tuesday trading. Oil is trading steadily higher as supply
Beijing’s stimulus policy, resilient US economic data, and Opec+’s ongoing output decreases are supporting the market, analyst says
Brent crude futures rose 62 cents to $94.55 a barrel by 1222 GMT, while U.S. West Texas Intermediate crude futures were up 72 cents at $91.49