Oil prices see another boost on lower supply, strengthening demand – Saudi Gazette

Oil prices see another boost on lower supply, strengthening demand – Saudi Gazette

Oil prices see another boost on lower supply, strengthening demand. Rystad Energy's Senior Oil Markets Analyst Paola Rodriguez Masiu said the improving global demand and declining supply has contributed to the oil price rise on Tuesday.. Rodriguez Masiu said, "There are two main forces behind a stronger oil price, the declining supply and the improving demand.. Rodriguez Masiu added that the biggest gains were seen by WTI.. When asked whether the current mid-30 dollar levels are sustainable, Rodriguez Masiu said, oil prices made history last month when the WTI May contract took a deep dive into the negative territory..