Increasing Demand Optimism To Keep Oil Prices Firm | investing.com – Investing.com

Increasing Demand Optimism To Keep Oil Prices Firm | investing.com – Investing.com

prices are trading near $71.55, the positive trend is likely to continue further on the backdrop of increasing demand optimism.

Goldman Sachs and Morgan Stanley gave a bullish outlook for oil.

Goldman Sachs said that global oil demand likely hit 97 million BPD in recent days, up from 95 million BPD a few weeks ago, and in the near-term, "our highest conviction long position is oil."