Oil gains 1% on hopes of firmer demand

Oil gains 1% on hopes of firmer demand

May 17, 2024 / Sarkiya Ranen /



OIL prices settled about 1 per cent higher on Friday, with global benchmark Brent crude recording its first weekly gain in three weeks, after economic indicators from the world’s top two oil consumers – China and the US – bolstered hopes for higher demand.



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Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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