GCC
Oil up for 4th day as supply fears outweigh China lockdown – Gulf Insider
Oil prices rose for a fourth day on Friday as fears over Russian supply disruption outweighed the impact of COVID-19 lockdowns in China, the world’s biggest crude importer, Reuters reports.
Brent crude futures rose by $2.21, or 2.1 percent, to $109.80 a barrel by 1358 GMT after gaining 2.1 percent in the previous session.
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Oil prices have remained volatile with China showing no signs of easing lockdown measures despite the impact on its economy and global supply chains.
