Oil gains as demand optimism offsets fears of supply glut

Capt. John

Oil rose on Wednesday as worries about an increase in supplies from Iran were offset by optimism about improving U.S. fuel demand that was reinforced by a drop in weekly inventory estimates. Brent crude oil futures for July rose 44 cents, or 0.6%, to $69.09 a barrel by 0710 GMT, while U.S. West...

https://www.hellenicshippingnews.com/oil-gains-as-demand-optimism-offsets-fears-of-supply-glut/

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