Rising Demand Pushes WTI Prices to Fresh High

摘要

US oil price benchmark West Texas Intermediate (WTI) posted a 2 1/2-year high on Friday as oil demand fever grips markets and gives traders goosebumps over potential short-term supply tightness. Global benchmark Brent also rose during the day and is now trading at a two-year high, although it lacked the robust gains of WTI, which is under greater pressure now that the US economy is roaring back to life and local producers have been slow to respond.