17 June 2024
Oil prices rose on Monday, following their best week since April, as traders analyzed mixed economic data from China. U.S. crude and Brent oil closed last week nearly 4% higher, with analysts predicting a tightening market in the third quarter due to increased summer fuel demand. RBC’s Helima Croft expects oil inventories to fall by 850,000 barrels per day. Current energy prices show gains for West Texas Intermediate, Brent, and RBOB gasoline, while natural gas saw a slight decline.