Oil prices rose today, buoyed by financial markets and supply cuts. Futures did still post a week or week slight decline after a few down sessions this week. “Over the coming months, the West will have to contend with the risk of losing Russian energy supplies and oil prices soaring,” said Stephen Brennock of oil broker PVM. Putin has threatened to halt supplies to Europe while the G7 tries to limit Russia\u2019s export revenue. Central banks have continued to raise interest rates and the Fed is expected to do the same later this month. WTI traded up $3.25 or 3.9% to close $86.79. Brent traded up $3.69 or 4.1% to close at $92.84.<\/p>\n\n\n\n
Oil prices rose today, buoyed by financial markets and supply cuts. Futures did still post a week or week slight decline after a few down sessions this week.<\/p>\n","protected":false},"author":2,"featured_media":6111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-7326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n