Crude oil futures are expected to continue rising this week Jan. 17-21 as tightening supply and demand fundamentals keep investors bullish on oil. The front month ICE Brent and NYMEX light sweet crude futures contracts were not far from 3 and 7-year highs, respectively, which were hit in late October. At 0230 GMT Jan. 17, .
Crude oil markets started the Oct. 25-29 trading week on a bullish note as resurgent pandemic concerns failed to dampen continuing expectations of supply tightening due to crude production being outstripped by recovering global demand. ICE December Brent crude futures stood at $86.39/b at 0300 GMT Oct. 25, up 86 cents/b (1.01%) from the Oct. .
Crude oil markets started the Oct. 18-22 trading week on a bullish note as the supply-demand outlook remained supportive for prices amid a continued easing in pandemic movement and border restrictions around the world, while investors weighed the possibility of a return of Iranian oil. ICE December Brent crude futures stood at $85.80/b at 0300 .
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