Oil Price Signals Show Strength, But Market Still Weak, IEA Says

摘要

Global oil prices strengthened to six-month highs in May, with benchmark crudes reaching $58-$60 a barrel by early month, the International Energy Agency notes, as oil futures moved higher in tandem with global financial markets.rnYet in its May Oil Market Report, the agency notes this new bullish macroeco-nomic sentiment has not yet produced signs of oil demand recovery, and market fundamentals remain weak.