Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty By Reuters

Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty By Reuters

Upworthy

Published

MELBOURNE (Reuters) - Oil prices rose in early trade on Wednesday after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil. Brent crude futures gained 25 cents, or…

#unionban #russianoil #highlightingsupply #supplytightness #oil #melbourne #opec #union #russian #crudefutures

Full Article