Oil futures climbed on Tuesday, shaking off pressure from declines in the U.S. stock market to recoup all of their losses from the previous session and then some. “The market remains fundamentally bullish and conflict with Russia does nothing to alleviate supply-side pressures,” said Pratibha Thaker, editorial director, Middle East and Africa, at the Economist Intelligence Unit. “There’s still a big issue on the supply side, with OPEC+ unable to even come close to monthly addition targets and it’s happening at a time of strong demand,” she said. March West Texas Intermediate crude CLH22,
Source: Marketwatch
