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#Petroleum

International Business Times

Oil Firms On Tight Supply As U.S. Driving Season Looms

Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth. Brent crude futures rose 97 cents to $113.52 a barrel at 0651 GMT,...
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ABC-7 Xtra: Rising gas prices ahead of the Memorial Day weekend

EL PASO, Texas -- The question of how high gas prices could surge this summer kicks into overdrive as we near the Memorial Day weekend. Analysts with JP Morgan Chase predict a 30% increase by August, raising the national average to $6 per gallon. California has already crossed the $6...
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Picture for ABC-7 Xtra: Rising gas prices ahead of the Memorial Day weekend

Oil ends higher as supply risks overshadow economic concerns

On Friday, both US WTI (West Texas Intermediate) and UK crude oil futures’ prices had rounded off the day in an affirmative territory as growing hesitancy among EU member states over Russian oil ban alongside an ease of pandemic lockdown in China had undermined frets that a slowdown in global economic growth might lead to a critical demand-crunch.
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