Oil Settles Higher as Tight Fuel Markets Offset Crude Supply Concerns

Oil Gains as Fuel Prices Surge

Oil rose for a third day as strong fuel premiums and Russian supply concerns supported prices.

Oil settles higher as tight fuel markets offset crude supply concerns

Oil prices settled higher on Monday as analysts focused on potential fuel supply disruptions from fresh US sanctions and Ukrainian drone attacks on Russian refineries, although predictions ...

Oil Prices Slip as Supply Outlook and Russian Sanctions Weigh on Market

Global oil prices retreated on Monday as traders and analysts maintained a cautious outlook that surging supplies from major producers will outweigh demand in the coming months, even as new Western sanctions target Russia’s oil exports.  At the time of writing, Brent crude futures were down to $63.45 per barrel, while U.S. West Texas Intermediate (WTI) slipped to $59.54 per barrel. Both benchmarks extended their losses from last week, when crude…

Oil settles higher as tight fuel markets offset crude supply concerns

By Shariq Khan NEW YORK (Reuters) -Oil prices settled higher on Monday as analysts focused on potential fuel supply disruptions from fresh U.S. sanctions