U.S. West Texas Intermediate crude oil futures are up late in the session on Thursday but off its intraday high. Prices have been supported throughout the session by a weaker U.S. Dollar, tight U.S. supply and hopes for improved fuel demand in China after COVID-19 curbs were eased in two major cities. The prospect of a lower price cap on Russian oil is also lending support, analysts said. European Union governments tentatively agreed on Thursday on a $60 cap on Russian sea-borne oil, an EU diplomat said. The wildcard is OPEC+, which holds a virtual…
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