Oil Prices Dip as U.S. Opens Brief Window for Stranded Russian Crude

Oil prices edged lower in early Asian trade on Friday morning after the United States issued a temporary license allowing countries to purchase Russian crude and petroleum products currently stranded at sea. The move, which promises to provide some temporary relief to global oil markets, helped push Brent crude down 0.38% to $100.10 per barrel, while West Texas Intermediate futures dropped by 0.58% to $95.17 per barrel. The 30-day waiver, permitting the purchase of Russian oil cargoes already loaded on tankers but left stranded by sanctions and…