Oil inched higher as the market kept eyes on the supply tightness
Oil inched higher as the market kept eyes on the supply tightness
International benchmarks for crude oil inched higher on Tuesday, 21 June 2022 after a comment from the Exxon Mobil Corp on a potentially tight oil market in the next five years. Meanwhile, US crude and gasoline inventories are expected to fall last week.
Brent settled 52 cents higher at $114.65/barrel.
WTI for July delivery, which expired on Tuesday, closed at $110.65/barrel.