Oil prices on track for weekly gain as recession fears ease

At the same time, the IEA raised its outlook for Russian oil supply by 500,000 bpd for the second half of 2022, as the country's output had proven more resilient than expected despite sanctions over the Ukraine conflict. However, the IEA said OPEC would struggle to boost production.

Oil prices on track for weekly gain as recession fears ease
At the same time, the IEA raised its outlook for Russian oil supply by 500,000 bpd for the second half of 2022, as the country's output had proven more resilient than expected despite sanctions over the Ukraine conflict. However, the IEA said OPEC would struggle to boost production.