Crude Oil

Oil prices rise, with Brent holding ground at a 2 1/2-year high

Oil futures headed slightly higher on Thursday, with global benchmark Brent crude holding ground at its highest price since October 2018, as investors gauged signs of strengthening demand and kept an eye on any potential response to recent price rises by OPEC+.

Oil: Demand Reaches Maximum Velocity- Analysis

Crude oil approached multi-year highs last week as the velocity of the demand recovery narrative nullified negative short-term data points.

Crude climbs above $70 amid hopes of demand reaching pre-pandemic levels in 2022

Oil prices continued to grow on Friday, as the International Energy Agency (IEA) said that global crude demand would return to pre-Covid-19 pandemic levels by the end of next year.

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