Oil Gains on OPEC Cuts, Rising Demand

29 Jul 2017   Prices

Oil prices rose every day this week, their best since December, as renewed optimism about falling supply and rising demand refuel a rally. U.S. crude is bumping up against $50 for the first time in almost two months, retracing about half of the ground it lost during an unexpected selloff that started in March. Traders and analysts had widely predicted a rally toward $60 in part from continued demand growth and a new deal from…

Comments are closed.