(Bloomberg) — Oil surged on the possibility that OPEC+ may decide to trim production, and as Europe’s energy crisis worsened after the Group-of-Seven nations endorsed a plan to try to cap the price of Russian crude. West Texas Intermediate advanced above $88 a barrel after sinking by almost 7% last week on concerns that slowing […]
(Bloomberg) — Crude futures dipped lower as the United Arab Emirates called on its fellow OPEC+ members to boost oil output faster. Brent extended earlier losses to fall as much as 7.1% Wednesday after the UAE said it will call on its fellow OPEC+ members to increase output faster. The statement marks a dramatic U-turn […]