Oil prices climb on prospects for tighter supply as demand rises - Business News, Finance News, Share Market News - Market trendz

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Wednesday 25 May 2022

Oil prices climb on prospects for tighter supply as demand rises

Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the U.S. summer driving season. Brent crude futures for July rose 46 cents, or 0.4%, to $114.02 a barrel by 0020 GMT. U.S. West Texas Intermediate (WTI) crude futures for July delivery was up 58 cents, or 0.5%, to $110.35 a barrel.

from Commodities-Markets-Economic Times
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