Published 2 years ago

Oil price edges higher on tight supply and expected demand uplift

Summary by Ground News

Brent crude futures for July rose by 48 cents to $114.03 a barrel by 10:50 a.m. EDT (1450 GMT) U.S. West Texas Intermediate (WTI) crude for July delivery rose 49 cents, or 0.4%, to $110.26 a barrel. Refiners picked up the pace of processing, boosting capacity use to 93.2%.

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Business Standard

Oil price edges higher on tight supply and expected demand uplift

By Rowena Edwards

2 years ago·India

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Oil & Gas 360

Oil edges higher on tight supply, surge in U.S. refining activity

ReutersNEW YORK: Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to their highest level since before the coronavirus pandemic started.Brent crude futures for July rose by 48 cents to $114.03 …The post Oil edges higher on tight supply, surge in U.S. refining activity appeared first on Oil & Gas 360.

2 years ago·Denver, United States

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