FILE PHOTO: Oil rig pumpjacks extract crude from the Wilmington Field oil deposits area where Tidelands Oil Production Company operates near Long Beach, CaliforniaBEIJING - Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening.
On Saturday, one of the strikes sparked a brief fire at the Slavyansk refinery in Kasnodar, which processes 8.5 million metric tons of crude oil a year, or 170,000 barrels per day.A Reuters analysis found the attacks have idled around 7% of Russian refining capacity in the first quarter. The Fed will likely keep rates unchanged this month, while the possibility of interest rate cuts at the June meeting "is now a coin flip," Sycamore said.Both benchmark oil contracts finished last week nearly 4% higher despite a dip on Friday. Oil been rangebound for much of the last month, but on Thursday a bullish demand report from the International Energy Agency sent prices rising to their highest level since November.
Rep. Lauren Boebert is in a political bind now that Rep. Ken Buck , whose seat she is seeking to fill in November, is leaving Congress early. Observers say Boebert is at a disadvantage due to the fact the special election to serve the remainder of Buck’s term is being held the same day as…NewsmaxDonald Trump, who was impeached for inciting supporters to storm the U.S.
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