Oil Prices Surge as Demand Outlooks Outpace Supply

摘要

Crude prices surged nearly 4% higher on Tuesday, with both benchmarks breaking through key technical resistance points and US marker West Texas Intermediate (WTI) pushing past $81. Oil was up close to $1 in early US trade, and had already jumped higher after Euroilstock data showed European petroleum inventories in December were down 11% for the year.