See also
Crude oil futures pared gains and settled flat on Monday.
Oil prices climbed higher earlier in the day amid hopes of increased demand from China as Shanghai lifted some of its restrictions after a two-month lockdown.
A weaker dollar too aided oil's uptick.
However, oil prices came off higher levels as the day progressed and eventually settled little changed from the previous close.
West Texas Intermediate crude oil futures for July ended at $110.29 a barrel, up slightly from Friday's close of $110.28 a barrel. The contract rose to a high of $111.96 earlier in the day.
The market also noted a report that the U.S. Administration is considering the potential release of diesel from a rarely used emergency stockpile as President Biden scrambles to tame soaring fuel prices amid low inventory levels ahead of the summer driving season.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
