Oil Rises on EUs Russian Oil Ban Effort, Demand Hopes

EU ministers fail to persuade Hungary to agree Russian oil ban Shanghai achieves COVID19 milestone U.S. crude inventories likely rose last week, products seen down LONDON, May 17 Reuters Oil hit its highest in seven weeks on Tuesday, supported by the European Union39;s ongoing push for a ban on Russian oil imports that would tighten […]
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Oil the Final Upward Momentum?

Crude oil has added 15 since last Wednesday, rising to 112bbl WTI and 113bbl Brent. Both grades reached new twomonth highs on Tuesday morning, despite a decidedly bearish news backdrop. A sharper than previously estimated slowdown in China and not yet agreed package with Russian Crude oil phased embargo was met with buying in Crude, […]
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