Oil prices rise on rising demand expectations
Xinhua,January 24, 2018 Adjust font size:
NEW YORK, Jan. 23 (Xinhua) -- Oil prices settled higher on Tuesday as investors saw signs of rising demands this year.
The International Monetary Fund revised its forecast for world economic growth in 2018 and 2019 up to 3.9 percent on Monday.
Experts said the forecast further improves the already rosy demand prospects on the oil market.
The West Texas Intermediate for March delivery increased 0.90 U.S. dollar to settle at 64.47 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery gained 0.93 dollar to close at 69.96 dollars a barrel on the London ICE Futures Exchange. Enditem