Oil prices rally towards $70 as demand outlook improves ...News

Russia Today - Economy
Oil prices rally towards $70 as demand outlook improves
source : Russia Today ( News ) () 32
Crude oil prices got a major boost this week thanks to optimistic expectations about demand from OPEC+ and rebalancing fuel inventories in the United States. Brent jumped to over $68 per barrel, and West Texas Intermediate neared $65 per barrel by the middle of the week and could rise even further unless headwinds appear. Earlier in the week, OPEC+ forecast that oil demand this year would increase by 5.95 million barrels per day (bpd). This was an upward revision of 70,000 bpd from an earlier projection, and this fact injected optimism in traders, as did OPEC+'s decision to forego a meeting this week and keep producing at previously ag

Hence then, the article about oil prices rally towards 70 as demand outlook improves was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Oil prices rally towards $70 as demand outlook improves )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

Uganda: Oil Revenues Alone Cannot Fund Uganda's Energy Transition, Experts Warn

before 2 hours & 14 minute

Meta accused of profiting from scams targeting US retirees

before 6 hours & 16 minute

Fed governor spoke at Bank of America dinner during Fed’s ‘quiet period’

before 8 hours & 27 minute

Belief that anyone can achieve the American Dream is fading, poll finds

before 10 hours & 49 minute

EasySpanishTax.com Launches Simple DIY Modelo 210 Filing Solution for Non-Resident Property Owners in Spain

before 11 hour & 26 minute

Solar Is the Cheapest Power in History, But States Are Retreating From It

before 11 hour & 37 minute

itel is Living Proof of the Caribbean's Competitiveness in Global Outsourcing

before 12 hour & 6 minute

Geographic Solutions Named in the Top 100 for the North America Inspiring Workplaces Awards

before 12 hour & 53 minute

Why Lunar Helium-3 Mining Still Can't Compete With Earth

before 13 hour & 26 minute

The Real Reason BP Is Retreating From the North Sea

before 14 hour & 32 minute

Israel and Hezbollah Truce Gives Oil Markets a Reason to Pause

before 15 hour & 7 minute

Bitmine Immersion Technologies kondigt een contant dividend van $0,1056 per aandeel aan op de 9,50% eeuwigdurende preferente aandelen van serie A

before 15 hour & 11 minute

WTOP News Names ThunderCat Technology A Winner Of The Greater Washington area Top Workplaces 2026 Award

before 15 hour & 28 minute

Russia Is Rationing Fuel in Moscow After Drone Strikes

before 15 hour & 49 minute

Insta360 Luna Ultra Dual-Lens 8K Gimbal Camera and Mic Pro Announced; More Info at B&H

before 16 hour