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Improved global demand spurred a rebound in crude oil prices on Friday

 Last Update: 2022-11-26
 Source: Internet
 Author: User

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According to Dow Jones on September 15, crude oil futures closed Friday rebounding from sharp losses in the previous session as investors focused on strong global demand and depressed U.
S.
oil inventories
.

Light sweet crude futures for October delivery on the New York Mercantile Exchange settled up 0.
6 percent at $68.
99 a barrel
.
The futures are up nearly 2%
this week.
Global benchmark Brent crude futures settled 0.
1 percent at $78.
09 a barrel
.

JBC Energy said the "imminent tightening of the market" in the latest oil market report released by the International Energy Agency (IEA) on Thursday indicated a fairly positive outlook for the oil market, with global oil demand growing by about 100,000 b/d
in 2017, 2018 and 2019.

crude

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