Crude futures push to fresh highs on rising demand outlooks, nuclear deal delays

摘要

Crude oil futures settled at fresh multi-year highs June 2 amidincreasingly bullish demand outlooks, delays in US-Iran nuclear talksand OPEC+ supply discipline.NYMEX July WTI settled $1.11 higher at $68.83/b and ICE AugustBrent climbed $1.10 to $71.35/b.The OPEC+ group's June 1 announcement that it would maintain itsincremental production increases through at least July have addedstrength to markets already seeing support from expectations of neartermstrong energy demand growth in the US and Europe.