Oil futures rose Wednesday morning, lifted by a storm disrupting crude shipments on the Black Sea and industry data pointing to a fall in U.S. crude inventories as traders await a meeting of OPEC+ producers previously delayed by disagreements over production levels.
Price action
Market drivers
Russia’s transportation ministry said Wednesday that Black Sea weather conditions remained unfavorable for shipping and that restrictions would remain in place, Reuters reported. A severe storm in the region has disrupted…
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