Crude oil scales to fresh 52-week high on fuel demand recovery hope; speculators raise net long positions


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Crude oil scales to fresh 52-week high on fuel demand recovery hope; speculators raise net long positions June 14, 2021 Crude oil futures surged to a fresh 52-week high on expectations over revival global fuel demand on increasing pace of  Listen This News June 14, 2021 Crude oil futures surged to a fresh 52-week high on expectations over revival global fuel demand on increasing pace of vaccination in the US and Europe leading to higher mobility. The oil price was supported by the ease in lockdown measures, lower supply from OPEC and delay in Iranian crude returning to the...