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Oil prices drop off three-year highs but strong demand supports - Reuters
Reuters | Oil prices drop off three-year highs but strong demand supports Reuters The U.S. rig count, an early indicator of future output, rose by 10 oil rigs last week to 752 and is much higher than a year ago when only 522 rigs were active. [RIG/U]. “All in all, this is still a pretty positive day because even though there is no ... Strong Oil Demand Growth Supports Oil At $70 Big banks raise oil price targets on strong demand and OPEC output cuts Oil Briefly Reaches $70 as Buoyant Global Economy Bolsters Demand |
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