Oil rebounded on renewed supply concerns.
International benchmarks for crude oil rebounded nearly 1% on Tuesday, 26 September 2023 as investors dissected the easing of Russia’s ban on the export of refined products.
International benchmarks for crude oil rebounded nearly 1% on Tuesday, 26 September 2023 as investors dissected the easing of Russia’s ban on the export of refined products. Apparently, the ban on exports of high-quality gasoline and diesel remains in place.
However, the strong US dollar limits the gains.
Brent gained 62 cents or 0.7% to close at $93.96/barrel.
WTI added 71 cents or 0.8% to close at $90.39/barrel.