Oil rises as Shanghai eases some COVID curbs, OPEC warns of tight supply

Capt. John

Oil prices climbed on Tuesday on easing concerns about demand in China after Shanghai relaxed some COVID-19-related restrictions and OPEC warned it would be impossible to increase output enough to offset lost Russian supply. Brent crude futures were up $2.98 or 3.03% to $101.46 a barrel, and U.S. West Texas Intermediate was up $3 or …

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Author: Capt. John

https://www.hellenicshippingnews.com/oil-rises-as-shanghai-eases-some-covid-curbs-opec-warns-of-tight-supply/

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