Oil Rises on Russian Supply Jitters

Oil Rises on Russian Supply Jitters
A view shows Chao Xing tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia, on Aug. 12, 2022. Tatiana Meel/Reuters
Reuters
Updated:

LONDON—Oil prices edged up in volatile trade on Monday, as Russia halted exports to Poland via a key pipeline ahead of a hefty supply cut announced for March, but a stronger dollar and fears of recession capped gains.

West Texas Intermediate U.S. crude futures (WTI) traded at $76.68 a barrel, 36 cents, or 0.5 percent higher, while Brent crude futures were up 34 cents, or 0.4 percent, at $83.50 a barrel at 0950 GMT.