Oil Prices Rebound on Resilient Demand Signals ...Middle East

Crude oil prices inched higher after starting the week with sharp losses, amid reports of rebounding Asian imports and a weaker dollar that should stimulate stronger demand. At the time of writing Brent crude was trading at $70.05 per barrel, with West Texas Intermediate at $66.75 per barrel, as the U.S. Energy Information Administration made a considerable revision to its supply and demand outlook for this year and next, and the head of the International Energy Agency called for more investments in new oil and gas supply. Even an estimated U.S.…

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