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World’s Oil-Growth Engine Is About to Slow Despite $100 Crude

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Reuters

Oil edges higher on tight supply and expected demand uplift

LONDON (Reuters) -Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the summer driving season in the United States, the world’s biggest crude consumer. Brent crude futures for July rose for a fifth session running, gaining 70 cents, or 0.6%, to $114.26 a barrel by 1333 GMT. U.S. West Texas Intermediate (WTI) crude for July delivery rose 68 cents, or 0.6%, to $110.45.

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