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  • Oil on Edge as Markets weigh Poland Strike, Sluggish Demand

    Oil on Edge as Markets weigh Poland Strike, Sluggish Demand0

    Oil prices fell slightly on Wednesday as investors awaited more clarity on a potential Russian missile strike against Poland, while mixed U.S. inventory data and concerns over slowing Chinese demand also brewed more uncertainty in the market Crude markets were focused squarely on the North Atlantic Treaty Organization’s (NATO) response to a Russian-made missile killing

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  • Despite global supply concerns, oil remains around a two-month high

    Despite global supply concerns, oil remains around a two-month high0

    On Friday, oil prices were hovering around a two-month high, with Brent crude on track for its greatest weekly gain in 1-1/2 months, boosted by the potential of an EU ban on Russian oil and the start of the summer driving season in the US. Brent crude futures for July fell 9 cents to $117.31

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  • Even as reduced demand threatens to limit increases, oil prices continue to rise

    Even as reduced demand threatens to limit increases, oil prices continue to rise0

    Early Friday trade saw oil prices rise, but they were poised for their first weekly losses in three weeks as concerns about inflation and China’s COVID lockdowns slowed the global economy, outweighing concerns over declining Russian fuel supplies. At 0008 GMT, Brent crude prices were up 97 cents, or 0.9 percent, at $108.42 a barrel,

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