U.S. commercial crude oil inventories decreased by 3.4 million barrels to 420.8 million barrels.

Brent was up 23 cents, or 0.2%, at $112.16 a barrel, WTI climbed 71 cents, or 0.6%, to $113.11 a barrel.

The price of OPEC basket of thirteen crudes stood at $117.20 a barrel on Tuesday

Brent rose as high as $115.14, WTI slid 26 cents, or 0.2%, to $113.94.

The price of OPEC basket of thirteen crudes stood at $113.07 a barrel on Monday

Средняя цена на нефть Urals за период мониторинга с 15 апреля 2022 года по 14 мая 2022 года составила $73,24 за баррель, или $534,6 за тонну.

Due to the ongoing geopolitical crisis, the EU member states have set up a purchasing platform for gas, LNG and hydrogen. In this way, one wants to become more independent of Russian energy imports and react against the strong price fluctuations of natural gas.

The energy transition to net zero emissions will likely take longer than planned, and the cost will be much higher than most realize.

Brent were down $1.42, or 1.3%, at $110.13 a barrel, WTI were $1.10, or 1.0%, lower at $109.39 a barrel.

The price of OPEC basket of thirteen crudes stood at $112.37 a barrel on Friday

U.S. Rig Count is up 9 from last week to 714, Canada Rig Count is down 3 from last week to 88.

Brent were up $1.68, or 1.6%, at $109.13 a barrel, WTI climbed $1.40, or 1.3%, to $107.53 a barrel.

The price of OPEC basket of thirteen crudes stood at $109.02 a barrel on Wednesday

World oil demand growth in 2022 is expected to increase by 3.4 mb/d y-o-y, representing a downward revision of 0.3 mb/d from last month’s report, with 1.8 mb/d in the OECD and 1.6 mb/d in the non-OECD.

U.S. commercial crude oil inventories increased by 8.5 million barrels to 424.2 million barrels.