Oil Futures Extend Gains Amid Supply Concerns
Oil futures rise for a third consecutive session as traders weigh Middle East conflict and doubts about a Russia-Ukraine energy ceasefire.
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08:05:03 PM UTC
SquawkNews
By Farhan Rafid and Anthony HarrupOil prices reversed initial losses and settled higher Monday amid persistent Middle East supply risks, as traders weighed prospects for increased Russian diesel supplies and a potential Russia-Ukraine energy ceasefire.December Brent crude futures rose 1.8% to $106…
Oil futures gained for a third straight session as traders remained concerned about the ongoing conflict in the Middle East and skeptical of an energy ceasefire between Russia and Ukraine. The market may continue to fear renewed disruption and supply losses, whether in the Strait of Hormuz or the Red Se…