Reuters | Strong Oil Demand Growth Supports Oil At $70 OilPrice.com At the end of 2017 and early 2018, the sentiment turned decisively bullish, amid geopolitical concerns—mostly from the Middle East, signs of a tighter oil market, and healthy global economic growth that boosts oil demand growth. “This rally has been ... Brent oil falls but demand underpins near $70/barrel Oil prices drop off 3-year highs but strong demand supports Oil slips from 3-year high |