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Tag: American benchmark West Texas Intermediate

Oil up over supply fears from unfolding Russia sanctions; scrambling world markets

World (Times Of Ocean)- Oil prices edged higher on Wednesday following a proposal for more sanctions on Russia, despite concerns over demand following a lockdown in Shanghai's financial district, along with a rise in the US dollar index making dollar-priced oil more expensive.

Oil Prices Rise As OPEC Fills Russian Supply Gaps

Ankara (Times Of Ocean)- Russia-Ukraine talks in Turkiye, decline in US crude, and gasoline inventories support prices. As the market weighs expectations of OPEC...

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