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Rosneft: substitution of Russian oil at Schwedt refinery to lead to underutilization of capacity, rising fuel prices in Germany

Rosneft: substitution of Russian oil at Schwedt refinery to lead to underutilization of capacity, rising fuel prices in Germany
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Oil sheds bulk of war-driven gains in second weekly drop

Oil retreated for a second week in the wake of plans for massive stockpile releases, a demand-sapping COVID-19 outbreak in China and a hawkish turn from the US Federal Reserve.
Brent Crude for June delivery on Friday rose 2.19 percent to US$102.78 a barrel, but dropped 1.54 percent from a week earlier.
West Texas Intermediate (WTI) for May delivery rose 2.32 percent to US$98.26 a barrel.
It declined 1.02 percent this week, with the US benchmark giving back most of its gains since Russia invaded Ukraine on Feb. 24.
<strong>MULTIPLE FACTORS</strong>
Oil rallied to the highest level since 2008 after the conflict started, ....

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