Oil Prices Rally On Robust Demand Outlook ...Middle East

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Oil Prices Rally On Robust Demand Outlook
source : OILPRICE ( Middle East ) () 26
Oil prices rose early on Thursday, extending this week’s gains, as demand looks strong with the U.S. driving season starting and Shanghai in China gradually reopening after two months of strict lockdowns. As of 10:51 a.m. on Thursday, WTI Crude prices were up 3.17% at $113.69 and the international benchmark, Brent Crude, had risen by 2.41% on the day at $116.65. Prices extended the small gains from previous sessions, including on Wednesday when oil rose after a supportive weekly inventory report from the Energy Information Administration…

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