Oil prices up with anticipated high demand over summer months

Oil Prices News

Oil prices up with anticipated high demand over summer months
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ANKARA, June 10 — Oil prices rose today, fuelled by expectations of higher demand during the summer months. International benchmark Brent crude traded at US$79.97 (RM377) per...

First look: Singapore's Lad & Dad opens in Wisma Cosway under the name Lad And Fry, serving awesome fish and chipsANKARA, June 10 — Oil prices rose today, fuelled by expectations of higher demand during the summer months.

The American benchmark West Texas Intermediate traded at US$75.83 per barrel at the same time, a 0.40 per cent rise from the previous session that closed at US$75.53 per barrel.Official data on US crude oil and gasoline inventories, to be announced on Wednesday, will signal demand in the world’s largest oil-consuming country.

According to weekly data announced by oil field services company Baker Hughes, the number of oil drilling rigs in the country decreased by 4 to 492 in the week of May 1-7 compared to the previous week.Geopolitical tensions in the oil-rich Middle East continue to impact oil prices.

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