Oil heads for weekly gains despite US sanctions waiver on Russian oil

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. — ReutersMeasures aimed at easing supply tightness fail to calm markets.Disruption of trade through Strait of Hormuz is ‘fundamental’.Brent more susceptible to energy security issues than WTI.

Related posts:

IMF raises concern over FBR’s Rs1.2tr tax shortfall Consumers deprived of relief as govt raises petroleum levy by up to Rs4.62 EU countries give final approval to Russian gas ban Govt increases diesel by Rs11.30, keeps petrol unchanged for next fortnight