Oil Prices Rise on US Demand Strength, Set for Weekly Increase
Despite slightly declining on Friday, oil prices were poised for a second consecutive week of rises as optimism over demand from the world’s largest oil user was bolstered by recent
US oil inventories
US Crude Inventories Drop, Oil Prices Rise 3% from Recent Lows.
Oil prices ascended by 3% on Wednesday, recovering from their multi-month lows, following data that indicated a larger-than-anticipated draw in U.S. crude stockpiles, despite ongoing concerns about weak crude demand