Oil Extends Gain After US Exports Jump, Global Supply Tightens
Updated: 25 Aug 2022, 10:51 AM IST
TL;DR.Oil rose for a third session after a government report showed the US shipped a record amount of crude and refined products overseas as energy-starved economies scramble for supplies.
FILE PHOTO: Industrial facilities of PCK Raffinerie oil refinery are pictured in Schwedt/Oder, Germany, May 9, 2022. The company receives crude oil from Russia via the 'Friendship' pipeline. REUTERS/Hannibal Hanschke/File Photo