Oil Heads for Longest Run of Monthly Gains Since Early 2018
(Bloomberg)
Oil is poised for a fifth monthly gain after another tumultuous period of trading that saw prices whipsawed by the fallout from Russia’s war in Ukraine and the resurgence of Covid-19 in China.
West Texas Intermediate futures climbed to trade near $106 a barrel on Friday and are about 6% higher in April. With the war entering a third month, Germany has signaled that it wouldn’t oppose a European Union embargo on Russian oil, but expressed
