Oil Heads for Biggest Weekly Climb Since April on Supply Halts
Updated: 12 Aug 2022, 09:34 AM IST
TL;DR.Oil headed for the biggest weekly gain in four months on interruptions to supply and speculation fuel switching will buoy demand.
FILE PHOTO: 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