An oil storage tank on a field in Texas. Demand for crude in the US is growing faster than production, cutting inventories by a million barrels, according to an EIA report. Reuters
An oil storage tank on a field in Texas. Demand for crude in the US is growing faster than production, cutting inventories by a million barrels, according to an EIA report. Reuters

Business

Energy

Oil climbs above $120 as EU considers Russian oil ban and China eases Covid restrictions

Brent is set for a sixth monthly advance in a row that would be the longest run in more than a decade

Sarmad Khan
Sarmad Khan

May 30, 2022

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