Supply Worries Drive Oil Prices Higher

Crude oil prices began trade with a gain today as supply worries returned to the table amid the rebellion news from Russia and expectations of demand growth during peak driving season in the United States. In midday trade in Asia Brent crude was moving toward $75 per barrel with West Texas Intermediate climbing above $70 per barrel. News about a rebellion in Russia by private military contractor Wagner added fuel to oil prices at the start of the week. The group was quick to agree to a deal ending the rebellion, basically ending it before it really…