Oil Prices Extend Gains for the Third Week in a Row
Irina Slav
Irina is an author for Oilprice.com with over a years of experience composing on the oil and gas market.
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By Irina Slav - Jan 10, 2025, 1:10 AM CST
Petroleum rates were set for their 3rd week of gains today, as need for heating fuel kept rates raised.The gains are modest for both Brent crude and West Texas Intermediate however a sign of a more powerful market than some anticipated.
"We expect a substantial year-over-year boost in international oil need of 1.6 million barrels a day in the very first quarter of 2025, mainly improved by ... need for heating ...