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Май
2022

Oil futures end slightly higher

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Oil futures end slightly higher Thursday, finding support after the European Union a day earlier proposed a plan to wean itself off Russian crude over the next six months, though upside for the commodity was limited as the ICE U.S. Dollar Index traded near a 20-year high. West Texas Intermediate crude for June delivery rose 45 cents, or 0.4%, to $108.26 a barrel on the New York Mercantile Exchange. A stronger dollar can be a negative for commodities priced in the unit, making them more expensive to users of other currencies.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.




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