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Oil Prices Gain 2% on Tightening Supply ...Middle East
U.S. benchmark crude gained over $2 on Thursday as U.S. crude inventories tightened and OPEC+ vowed to keep the output cut status quo as tensions continued to flare in the Middle East and Russia-Ukraine. At 4:23 p.m. ET on Thursday, U.S. crude benchmark West Texas Intermediate (WTI) trading up 2.05% at $83.02, while global benchmark Brent crude was trading up 1.61% at $87.48. WTI has gained 14% so far this year. This week’s inventory data from the Energy Information Administration (EIA) showed a U.S. crude…
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