Oil market
Frantic oil buying driven by supply outages and signs the Omicron variant won't be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders said. ..
Saudi Arabia's King Salman said on Wednesday the OPEC+ production agreement was "essential" to oil market stability and stressed the need for producers to comply with the pact. The king, in an annual speech to the advisory Shura Coun..
Brent crude oil prices averaged $73 per barrel globally in June 2021, up to $5 per barrel from May's average. According to the US Energy Information Administration's Short-Term Energy Outlook issued on July...
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