Futures Movers: Oil prices up on stronger demand outlook, even with U.S. supplies up by more than 10 million barrels

by | Dec 14, 2022 | Stock Market

Oil futures rose Wednesday, buoyed after the International Energy Agency raised its forecast for demand growth in the year ahead. News of a more than 10 million-barrel weekly climb in U.S. crude inventories failed to pull down prices, as analysts attributed the hefty increase to a temporary export disruption in the U.S. Gulf Coast. Price actionMarket drivers The…

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