Oil Prices Climb Despite Demand Destruction Claims

Despite reports from the IEA and OPEC that emphasized a decline in oil demand, oil prices jumped on Friday due to fears of Europe implementing a Russian oil ban.Oilprice Alert: This week's Global Energy Alert breaks down Russia's latest strategy in Ukraine - namely its attempt to replicate its annexation of Crimea. Also, if you join Global Energy Alert today you will receive our 20-page research report ''5 Ways To Play The 2022 Oil Boom”Friday, May 13th, 2022 Falling demand has been the news of the week for oil markets,…