Fuel Demand Bolsters Oil Prices Despite Mixed Market Outlook

24.06.14 News

Oil prices are set for their strongest weekly gain in months, driven by rising demand for key fuels like gasoline and diesel. Brent crude futures have increased by 0.5% in London, with a weekly gain of 4.4%. Despite a robust fuel market, the overall crude outlook is clouded by reduced consumption growth forecasts from the International Energy Agency and concerns over China’s economic slowdown and potential oversupply from the US and Americas.

Share This Article

Choose Your Platform: Facebook Twitter Linkedin

Add a Comment

Your email address will not be published. Required fields are marked *