¬†Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs weighed on the demand outlook. Russian President Vladimir Putin has threatened to halt oil and gas exports to Europe if price caps are imposed and a small cut to OPEC+ oil output plans announced this week also supported prices. read more Brent crude rose$1.24, or 1.4%, to $90.39 a barrel by 0810 GMT. U.S. West Texas Intermediate (WTI) crude climbed$1.05, or 1.3%, to $84.59. “Over the coming months, the West will have to contend with the risk of losing Russian energy supplies and oil prices soaring,” said Stephen Brennock of oil broker […]