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OIL FUTURES: Brent, WTI crude benchmarks edge down; market stays strong

May 27, 2022 Comments Off

Brent and WTI crude oil benchmarks edged down in midday Europe trading May 27 after gaining throughout the week toward two-month highs amid tight supply and rising demand. At 12:40 pm BST, ICE July Brent crude futures was down 48 cents/b on the day at $116.92/b while NYMEX July WTI futures fell 81 cents/b at $113.28/b. The UK introduced May…