OIL FUTURES: Strong start to week for crude prices in view of tight products supply

Oil prices firmed in early Europe trading May 23 amid a tight market with low stocks, US fuel demand, and as Shanghai prepares to exit a two-month-long lockdown. At 11:55 am BST, ICE July Brent crude futures was up $1.18/b on the day at $113.73/b while NYMEX July WTI rose $1.05/b to $111.35/b. Products stocks are at low levels globally,…