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.
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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…