WTI Oil Jumps Above $70 On Bullish U.S. Demand Data ...Middle East

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WTI Oil Jumps Above $70 On Bullish U.S. Demand Data
source : OILPRICE ( Middle East ) () 15
Oil prices rose by more than 2 percent early on Thursday, with WTI Crude trading above $70 a barrel for the first time in a month, driven by bullish U.S. inventory and demand data and a weaker dollar.   As of 11:13 a.m. EDT on Thursday, the front-month WTI Crude contract was up by 2.71% at $70.44, trading above the $70 a barrel mark for the first time since August 3. Brent Crude had risen by 2.43% at $73.30. Oil prices traded higher on Thursday, as a weakening U.S. dollar made crude buying cheaper for the holder of other currencies. It was…

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