Oil settled mixed as market looks for directions amid various concerns
Oil settled mixed as market looks for directions amid various concerns
International benchmarks for crude oil settled mixed on Thursday, 12 May 2022 as traders weigh the impact of the escalating geopolitical tension in Europe that would curtail supply while the demand outlook remained bearish amid the rising inflation rates.
Brent inched 6 cents lower to close at $107.45/barrel.
WTI rose 42 cents to close at $106.13/barrel.