The Traderszone Network

Published in TZ Latest News 17 June, 2015 by The TZ Newswire Staff

Oil up over $1 on strong U.S. demand

Oil rose over a dollar on Wednesday as strong demand and falling stockpiles in the United States pushed prices higher. Front month U.S. crude futures were up $1.19 at $61.16 per barrel. U.S. Energy Information Administration data due at 1430 GMT is forecast to show U.S. crude stocks fell for a seventh consecutive week, according to a Reuters poll of analysts.