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Oil surges with U.S. demand bump driving global rebound optimism
April 29, 2021
Source: world oil

Oil surges with U.S. demand bump driving global rebound optimism

Oil advanced to the highest in over a month as a combination of declining U.S. petroleum product supplies and signs of stronger demand buttressed expectations for a revival in global consumption.Futures in New York jumped 1.5%, posting the largest back-to-back daily gains in two weeks. “There's a lot of green shoots in demand,” said Matt Sallee, portfolio manager at Tortoise, a firm that manages roughly $8 billion in energy-related assets.

   Read More About : New York US Oil Supply
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