Crude posts longest monthly winning streak since 2018 amid volatile tradingBloombergOil logged gains for a fifth month after another tumultuous period of trading that saw prices whipsawed by the fallout from Russia’s war in Ukraine and a resurgence of COVID-19 in China. West Texas Intermediate (WTI) futures climbed 4.4 percent last month, marking the longest monthly winning streak since January 2018. People gather outside the German embassy in Brussels on April 22 as they call for an oil embargo against Russia. The world’s top crude importer is on course to register the weakest demand since the early days of the COVID-19 pandemic. As the path toward a potential embargo on Russian oil has grown clearer, the oil market’s structure has firmed.

Source: Taipei Times April 30, 2022 20:37 UTC