Prices rise on fears of war in Ukraine
Just as oil prices looked set for their first weekly decline after seven consecutive rises, they rose sharply on Friday evening after a US official said…
ICE Brent crude prompt contract remained under pressure, at 62.7 $/b, as gloomier economic prospects and low volatility dented financial flows in the market, with money managers exiting the market at a fast pace. Indian refined product sales declined by 0.1 mb/d in March when it is usually a strong month for Indian oil demand.
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