Oil hit its highest in seven weeks on Tuesday, supported by the European Union’songoing push for a ban on Russian oil imports that would tighten supplyand as investors focused on higher demand from an easing of China’s COVID lockdowns. EU foreign ministers failed on Monday in their effort to pressure Hungary to lift its veto on the proposed oil embargo. But some diplomats now point to a May 30-31 summit as the moment for agreement on a phased ban on Russian oil. read more Brent crude rose as high as $115.14, its highest […]