Post Tagged with: "demand hopes"

Source: Reuters

Oil hits new high near $75 on demand rise, falling inventories

Reuters


LONDON -Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories.

The American Petroleum …

Source: Reuters

Oil hits two-year high above $72 on OPEC+ discipline, demand hopes

Reuters


NEW YORK – Oil prices surged on Wednesday, hitting their highest in more than a year from a decision by OPEC and allies to stick to the plan to gradually restore supply, along with the slow pace of nuclear

Source: reuters

Oil in longest rally in two years as vaccines boost demand hopes

Reuters


LONDON – Oil extended its rally for a ninth day on Wednesday, its longest winning streak in two years, supported by producer supply cuts and hopes that vaccine rollouts will drive a recovery in demand.

The American Petroleum Institute …