Crude oil and gasoline prices fell on Tuesday as global supply concerns eased. Russia’s Volgograd refinery will restart early after repairs due to a Ukrainian drone attack. BP’s Whiting refinery has also resumed operations. The weaker dollar and positive US economic data supported oil prices. Vortexa reported an 11% increase in oil stored on tankers, affecting prices. Concerns persist over the Russian-Ukrainian war’s impact on crude exports. OPEC’s production increase and EIA inventory forecasts also influence prices.
Read more at Yahoo Finance: Crude Prices Fall Sharply as Global Oil Supply Concerns Ease
