Brent closes in on $116/b as flows from Russia to the west dry up

02.06.2022

Oil prices gained slightly on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai.

Brent crude for August delivery was up 28 cents, or 0.2%, at $115.88 a barrel at 0338 GMT. The contract settled down...