Surge in Oil Prices: Global Demand Dynamics

On May 13, 2024, the oil market witnessed a significant rebound, with prices climbing due to increased demand from the world’s leading consumers, the United States and China. This uptick erased the $1 per barrel decrease observed in the previous session. West Texas Intermediate (WTI) futures rose by 1.1% to $79.12 a barrel, while Brent […]