Oil Up, Brent Records Fifth Consecutive Gain as Demand Outlook Stays Bright By Investing.com – Investing.com
- Date: 16-Jun-2021
- Source: Investing.com
- Sector:Oil & Gas
- Country:Middle East
Oil Up, Brent Records Fifth Consecutive Gain as Demand Outlook Stays Bright By Investing.com – Investing.com
By Gina Lee
Investing.com – Oil was up Wednesday morning in Asia as a larger-than-expected draw in U.S. crude oil supplies and the ever-brightening fuel demand outlook in some countries gave the black liquid a boost.
rose 0.88% to $74.64 by 12:10 AM ET (4:10 AM GMT), gaining for a fifth consecutive session after rising 1.6% on Tuesday. gained 0.83% to $72.72 after rising 1.7% during the previous session.
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