Post Tagged with: "oil edges"

Source: Reuters

Oil edges higher as supply still seen tight after OPEC+ hike

Reuters


TOKYO: Oil prices edged higher on Tuesday, trading near seven-year highs hit last week, as investors bet supplies will stay tight, with a limited production hike by major oil producers and a strong post-pandemic recovery in fuel demand.

Brent …

Source: Reuters

Oil edges higher on tight supply, surge in U.S. refining activity

Reuters


NEW YORK: Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to their highest level since before the coronavirus pandemic started.

Brent crude futures for July rose by 48 cents to $114.03 …