Thursday, December 22, 2022

Oil climbs on expected drop in Russian exports, offsets US storm impact

Oil prices rose on Friday on expectations of lower Russian crude exports from the Baltic region in December, offsetting worries that a looming Arctic storm across the US could snuff out transport fuel demand growth this holiday season. Russia's Baltic oil exports could fall by 20% in December from the previous month after the EU and G7 nations imposed sanctions and a price cap on Russian crude, according to traders.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JbiAZwo

No comments:

Post a Comment