Oil settles up on Shanghai lockdown easing, Russia production cuts

April 13, 2022 7:24 AM

WASHINGTON (REUTERS) – Oil prices settled higher on Tuesday (April 12) as lockdowns eased in Shanghai, and as Russian oil and gas condensate production fell to 2020 lows and Opec warned it would be impossible to replace potential supply losses from Russia.

Source : https://www.straitstimes.com/business/companies-markets/oil-settles-up-on-shanghai-lockdown-easing-russia-production-cuts