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Oil hits high for the year as supply risks in Black Sea grow amid tight market

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Oil hits high for the year as supply risks in Black Sea grow amid tight market oilprice Oil oilandgas

West Texas Intermediate futures ended the session above US$84 a barrel, breaking through an earlier high for the year set in April. Prices held onto gains even after U.S. government data showed crude inventories rose by about five million barrels last week as investors focused on fuel stockpiles that declined by the most in three months.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.

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