Oil prices slipped in early trade on Tuesday after rising more than 2% in the previous session, with Brent at $61.96 and WTI at $57.88, as markets weighed supply risks. Moreover, U.S. plans to sell seized Venezuelan crude and ongoing Ukraine-Russia tensions fueled uncertainty over global oil availability. Read more : Oil price rise on US […]
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Oil prices jump on surging US stock demand
NEW YORK: Crude stocks in the US plummeted to their lowest levels in three years due to refinery activity recovering from recent storms, and as a result, oil prices increased $1. Demand for petroleum has risen to pre-pandemic levels, according to latest US economic estimates. Good product supply in the last four weeks came in […]