Oil Prices Rise 1% on Strong Demand Forecasts and Declining Supplies.
Oil prices rose 1% on Monday due to strong demand forecasts for the second half of the year and declining supplies from Canada and OPEC+. The International Energy Agency (IEA) warned of a looming oil shortage in the second half of the year, and a senior executive at Vitol said Asia will lead oil demand growth of around 2 million barrels per day. Prices were held in check by a stronger dollar and as the market waited for news on the U.S. debt...
Source: msn.com