Oil bounces better ahead of Fed moves, EU sanctions on Russian oil

Oil bounces better ahead of Fed moves, EU sanctions on Russian oil

© Reuters. FILE PHOTO: Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier By Florence Tan (Reuters) – Oil prices bounced on Wednesday ahead of an announcement by the U.S. Federal Reserve and further sanctions on Russia by the European Union, offsetting demand worries in top…