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Asharq Al-Awsat

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Asharq Al-Awsat

Oil Rises in Volatile Trading amid Supply Uncertainty

Oil Jeffrey Halley United States OPEC Stephen Innes Asia Pacific Recession

Gasoline prices at a Shell Oil station in Newark, California, US, 23 June 2022. (EPA)

Oil prices edged higher amid a volatile trading session on Friday, as supply uncertainty outweighed fears of slower demand from cooling US economic activity.

Brent crude futures climbed 31 cents, or 0.3%, at $110.36 a barrel by 0630 GMT, while US West Texas Intermediate (WTI) crude futures were up 59 cents, or 0.6%, at $104.86 a barrel.

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