Brent gains on positive China data and new attacks on Russian oil processing

Positive China data and further attacks on Russian oil processing facilities lifts Brent yet higher.

Brent crude gained 4. 1% last week with a close on Friday 15 March at USD 85.

3/b.

Continued declines in US inventories, a bullish oil market outlook from the IEA and damages on Russia’s Rosneft Ryazan oil processing plant by Ukrainian drones.