Oil Prices Surge Amid US Sanctions and Supply Concerns
TL;DR Summary
Oil prices rose by $2 as the US tightened sanctions on Russian crude exports, raising concerns about supply in an already tight market. The Organization of the Petroleum Exporting Countries (OPEC) also forecasted a decline in global crude stockpiles this quarter. Despite fluctuations throughout the week, both Brent and WTI crude were set for weekly gains. The market remains concerned about potential supply constraints from the Middle East and Russia.
- Oil rises $2 as US sanctions, stockpile forecasts raise supply worries Reuters
- The War Premium Fizzles Out In Oil Markets OilPrice.com
- Oil Inches Higher On Concerns Middle East Tensions Could Escalate The Wall Street Journal
- Oil climbs as U.S. sanctions, stockpile forecasts, raise supply concerns CNBC
- WTI struggles for a firm intraday direction, consolidates in a range around mid-$82.00s FXStreet
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
86%
485 → 70 words
Want the full story? Read the original article
Read on Reuters