Oil Jumps To Six-Week High On Stronger Economic Outlook ...Middle East

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Oil Jumps To Six-Week High On Stronger Economic Outlook
source : OILPRICE ( Middle East ) () 11
Oil prices rose early on Thursday to their highest level in six weeks as a brighter outlook on the American economy and oil demand offset bearish demand prospects from the COVID crisis in India. As of 11:03 a.m. EDT on Thursday, WTI Crude was up 1.50 percent at $64.87, after touching $65 earlier in the day, and Brent Crude prices had risen 1.61 percent to cross the $68 a barrel mark, at $68.41.   A weaker U.S. dollar today also added fuel to the oil rally this week, which had accelerated on Wednesday when the EIA reported a small inventory…

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