Oil rises $1 on Russian supply worries; US storm impact eyed

Follow-ups -eshrag News:

Fri, 2022-12-23 10:06

SINGAPORE: Oil prices rose more than $1 on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to US transport fuel demand growth as a looming Arctic storm threatens travel during the holiday season, according to Reuters.

Brent crude was up by 66 cents, or 0.8 percent, to $81.64 a barrel by 0440 GMT, while US West Texas Intermediate crude was at $78.27 a barrel, up 78 cents, or 1 percent higher.

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