Oil Prices Climb On Strong Fuel Demand

Oil prices rose on Friday morning, fueled by strong U.S. fuel consumption data, but held back by continued uncertainty about the OPEC+ deal.Friday, July 9th, 2021Seven straight weeks of inventory draws didn’t go unnoticed, and according to the EIA, U.S. gasoline demand rose by 870,000 bpd last week as summer driving season heats up. U.S. gasoline consumption figures reached their highest level since 2019, and yesterday’s crude inventory report helped oil prices back in the black.Vienna Stays Silent Amid OPEC+ Impasse. While the Joint…