Crude futures hit three-week high on Russia supply concerns, easing US inflation outlook

摘要

1. Novak says sanctions could trim output 5%-7%, 2. US inflation eases for fifth straight month, 3. USGC refinery outages support product prices. An overnight crude price rally extended into midday New York trading Dec. 23 amid easing US inflation pressures and concerns that potential Russian production cuts could tighten global supply.