Prices bounce back
US fuel inventory drawdown counteracts China COVID-19 lockdown fears
Alaska North Slope crude surged $5.44 May 11 to close at $111.79 per barrel, while West Texas Intermediate vaulted $5.95 to close at $107.51, and Brent gained $5.05 to close at $107.51.
The gains coincided with a report that U.S. fuel inventories plunged as the busy summer driving approached. Total....
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High oilfield costs may hinder production
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