USOIL AT 118$
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Oil - Brent and Crude November futures have bounced in Asia trading currently at 93.85 and 88.00 respectively. Fresh lows for the week yesterday amid global slowdown fears and Chengdu lockdowns but those have abated somewhat with both now up around 1.5% on the day.
Today sees G7 finance ministers meet to discuss a Russian price cap which will obviously not go down well in the Kremlin. The official Russian stance is they will not supply energy to states that employ this tactic.
Oil - Brent and Crude November futures have bounced in Asia trading currently at 93.85 and 88.00 respectively. Fresh lows for the week yesterday amid global slowdown fears and Chengdu lockdowns but those have abated somewhat with both now up around 1.5% on the day.
Today sees G7 finance ministers meet to discuss a Russian price cap which will obviously not go down well in the Kremlin. The official Russian stance is they will not supply energy to states that employ this tactic.
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