Bulls tighten grip on Brent as gringo dollar backs down

19.07.2022

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand.

Brent crude futures for September settlement rose $2.54, or 2.5%, to $103.70 a barrel by 0648 GMT, after...