Supply Uncertainty Pushes Oil Prices Higher ...Middle East

OILPRICE - Economy

Crude oil began trading this week with a gain, pushed higher by the shutdown of the Keystone pipeline and uncertainty around the consequences of the G7 price cap on Russian oil exports. Brent crude was trading close to $76.50 per barrel at the time of writing, with West Texas Intermediate at close to $71.60 per barrel, both up by more than 1 percent from Friday’s close. Last week, the benchmarks fell to the lowest since December last year. The biggest driver for the last few weekly declines has been fear of a global recession, which would…

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Last updated : 12 Dec 2022 clock 10:33 AM

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Supply Uncertainty Pushes Oil Prices Higher ...Middle East

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