Crude Prices Up Over 2 Percent on Rising US Oil Demand and Lower Output
Oil prices rise as energy firms post positive earnings and U.S. data shows a decline in crude output and rise in fuel demand. Brent and WTI record second straight weekly declines, with a fourth straight monthly decline for Brent as uncertainty over interest rate hikes weigh on the demand outlook. U.S. officials coordinate talks to rescue First Republic Bank.
United States Phil Flynn Treasury Department Chevron Corp Energy Information Administration Exxon Mobil Corp
Source: news18.com