Oil edges higher after three-day slide as volatility continues
Rapid developments around the war in Europe and the ensuing sanctions are driving wild fluctuations in the market, and holdings in oil contracts have slumped due to the volatility.
By Saket Sundria, Bloomberg News
Oil rose after a three-day slide as investors weighed the fallout from Russia’s invasion of Ukraine and Covid-19 lockdowns in China following its worst outbreak since the start of the pandemic.
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