Strong Demand Propels U.S. Oil Prices to New Heights Ahead of Independence Day Holiday
Wednesday, 3 July 2024, 22:15
U.S. Oil Price Surge
The recent surge in U.S. oil prices has been driven by a significant drawdown in inventories, pointing to a strong market demand.
Independence Day Impact
The surge in prices comes ahead of the Independence Day holiday, expected to see record auto travel, further boosting demand.
Investor Sentiment
Investors are closely watching these developments as the market shows resilience and continues to gain momentum.
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