Oil prices edged up today as the summer driving season is upon us. U.S. gasoline futures were the biggest price mover of the day, gaining 2.8% to a one-month high of $2.6489 per gallon. “Gasoline powered today\u2019s upside oil price advance with \u2026 the approach of the Memorial Day holiday,” analysts at energy consulting firm Ritterbusch and Associates said in a note. Crude prices have been mostly range-bound as of late as debt ceiling talks are looming over the market. Tensions with China are also on the rise as the PRC is upset with the G7 summit calling it an \u201canti-China workshop\u201d. WTI traded up $.44 or .6% to close at $71.99. Brent traded up $.41 or .5% to close at $75.99.<\/p>\n\n\n\n
Tensions with China are also on the rise as the PRC is upset with the G7 summit calling it an \u201canti-China workshop\u201d.<\/p>\n","protected":false},"author":2,"featured_media":9617,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-9611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n