Bullish Sentiment Is Building in Oil Markets as Demand Concerns Fade

Bullish Sentiment Is Building in Oil Markets as Demand Concerns Fade

OilPrice.com

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Oil prices are set to post an impressive gain this month as bullish sentiment has been building and demand concerns fading.- As Brent futures have moved above $85 per barrel again, geopolitics have started to come to the forefront of market concerns as Houthi militias are intensifying strikes on commercial tankers and Israel-Lebanon tensions fly high. - Oil prices remain in expansionary mode as Brent remains above the 50-day average of $83.75 per barrel, with expected inventory draws in the summer providing fundamental support for a move higher.-…

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