Oil Prices Hits Four-Month High | Global Air Finance Summit To Take Stock Of Jet Shortages
Oil extended gains to hit the highest in more than four months as a fresh wave of U.S. sanctions against Russia's energy industry threatened to crimp supplies in an already-tightening global market. On the other hand, financiers and lessors who make the global air travel industry tick gather for an annual meeting in Dublin on Monday, buoyed by strong lease rates and relatively stable oil prices but facing uncertainty over jet shortages and trade tensions.
