Oil prices recoup early losses, global supply fears - Sharjah24

5/19/2022 12:00:00 AM2 years 11 months ago
by Sharjah 24
by Sharjah 24
Sharjah24 – Reuters: Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth.
Brent crude futures for July were up $1.32, or 1.2%, at $110.43 a barrel at 0700 GMT, after falling by more than $1 earlier in the session.U.S. West Texas Intermediate (WTI) crude futures for June ro… [+375 chars]
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