Oil Prices Extend Gains for the Third Week in a Row ...Middle East

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Oil Prices Extend Gains for the Third Week in a Row
source : OILPRICE ( Middle East ) () 57
Crude oil prices were set for their third week of gains today, as demand for heating fuel kept prices elevated. The gains are modest for both Brent crude and West Texas Intermediate but indicative of a stronger market than some expected. “We anticipate a significant year-over-year increase in global oil demand of 1.6 million barrels a day in the first quarter of 2025, primarily boosted by ... demand for heating oil, kerosene, and LPG,” JP Morgan analysts said this week, as quoted by Reuters. This demand is being driven by colder weather…

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