The Grupa Lotos oil refinery in Gdansk, Poland. The EU has still not agreed on a price cap for Russian oil, with just days to go for the December 5 deadline. Reuters
The Grupa Lotos oil refinery in Gdansk, Poland. The EU has still not agreed on a price cap for Russian oil, with just days to go for the December 5 deadline. Reuters

Business

Energy

Oil prices rise after big drawdown in US crude stocks allays demand concerns

US crude oil inventories fell by about 7.8 million barrels last week

John Benny

November 30, 2022