Oil Trades Near $91 a Barrel in London as Fuel Markets Tighten

(Bloomberg) — Oil traded near $91 a barrel on London as global fuel markets continued to tighten amid robust demand and supply curbs by top OPEC+ members.

Most Read from Bloomberg

Brent crude pushed edged higher on Tuesday, after hitting a new high for the year during the previous session. Diesel — the workhorse fuel of the global economy — is rallying after Russia planned to limit exports this month, pushing futures in Europe past $1,000 a ton.

“The oil industry feels a collective rally…

Read More