Oil gains on expectations for stronger summer demand

  • Date: 08-May-2021
  • Source: Emirates Business
  • Sector:Oil & Gas
  • Country:Gulf
  • Who else needs to know?

Oil gains on expectations for stronger summer demand

Bloomberg Oil posted a gain this week as expectations for growing economic activity in nations from the US to Europe fueled optimism around stronger summer demand. Futures in New York advanced 2.1% this week in the first back-to-back weekly increase since early March. Fuel sales in the UK rise to the highest since the pandemic ...Bloomberg Oil posted a gain this week as expectations for growing economic activity in nations from the US to Europe fueled optimism around stronger summer demand. Futures in New York advanced 2.1% this week in the first back-to-back weekly increase since early March. Fuel sales in the UK rise to the highest since the pandemic ...