Supply Concerns Keep Oil Prices Elevated ...Middle East

OILPRICE - Economy
Supply Concerns Keep Oil Prices Elevated
source : OILPRICE ( Middle East ) () 26
Crude oil prices inched lower on Monday but remained elevated following a six-week winning streak. Supply concerns spiked when Ukrainian forces attacked two Russian oil tankers in the Black Sea over the weekend. “The Ukrainian naval drone attack on a Russian vessel over the weekend does make for some unease in a market already dealing with tightening supply,” energy analyst Vandana Hari told Bloomberg. Despite a slight decline in prices earlier in the day, these remain higher than last week’s, still being boosted by curbs in OPEC+…

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