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Improved oil demand pushes prices to highest level since October 2018

The recent demand recovery in the oil market has led to highest prices since October 2018. "The demand picture has shown clear signs of improvement," says Saudi Arabia's Energy Minister.
An offshore oil platform | Photo: Mærsk/Statoil
An offshore oil platform | Photo: Mærsk/Statoil
By Andres Guerra Luz & Alex Longley, Bloomberg

Oil resumed its advance, reaching the highest settlement in over two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up in the air.

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