Demand Optimism News Today

Elon Musk has regaled a right-wing summit in Italy with criticism of climate-change “exaggerating” environmentalists, and called on the public to stop “demonizing” fossil fuels. 

Crude oil inventories in the United States rose this week by 939,000 barrels for the week ending December 15, according to The American Petroleum Institute (API).

Seven major shipping companies have suspended operations in the Red Sea due to increased missile and drone attacks by Yemens Iran-backed Houthis.

The national average price per gallon of gasoline at American pumps is now 6.8 cents lower than a year ago, with price drops hitting their 13th week in a row and now averaging $3.03 according to GasBuddy.

China is increasingly influencing Kyrgyz media, with reports of pro-Beijing content and criticism of democratic values becoming more prevalent in both traditional and social media.

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The total number of active drilling rigs in the United States fell by 2 this week after climbing by 10 over the course of the last four weeks

Global equities rise as U.S. debt talks resume, while gold prices decline amid hawkish remarks from the Federal Reserve.

WTI crude oil prices are hovering at 7-year highs as investors mull a strong US jobs report and tight market conditions. Geopolitical tensions at the Russia-Ukraine border further support oil prices.

Crude Oil Prices Surge to 32-Month High on Demand Optimism CRUDE OIL PRICE OUTLOOK: This week’s EIA crude inventory data and Iran nuclear talks will be in focus WTI may attempt to challenge a key chart resistance at $73.50/bbl in the weeks to come Crude oil prices extended higher during the Asia-Pacific mid-day session, marking a 3-week gain of 11.7%. The energy market is riding the tailwind of a global reflation theme, rapid rollouts of Covid-19 vaccines and a calibrated OPEC+ output plan. W...