Bullish Fundamentals Drive Oil Prices Higher ...Middle East

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Bullish Fundamentals Drive Oil Prices Higher
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Oil prices have rallied in recent days, as global demand continues to recover while OPEC+ keeps a tight rein on supply and speculators buy the oil complex, seeing few downside risks. Over the past week, prices have jumped amid bullish outlooks on demand from OPEC and the International Energy Agency (IEA), while the talks in Vienna about the possible return of the United States and Iran to the so-called nuclear deal are dragging on for a sixth round and are unlikely to result in an agreement before the presidential election in Iran on June 18. Not…

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