Oil lingers near 2-month high amid global supply concerns
Updated: 27 May 2022, 08:28 AM IST
TL;DR.Brent crude futures for July dipped 9 cents to $117.31 a barrel at 0247 GMT after rising to as high as $118.17 earlier in the session. The benchmark was on track for a gain of about 4% this week.
FILE PHOTO: A fuel pump is pictured at a Pakistan State Oil petrol station in Rawalpindi, Pakistan October 6, 2017. REUTERS/Faisal Mahmood