Demand pulls oil price

Demand likely has — or will soon — exceed supply; aviation demand remains weak

Steve Sutherlin

Petroleum News

Oil prices continue to hover in the $40 to $45 range and are trending higher as inventories are drawn down by increasing refinery throughput coupled with falling inventories of gasoline and distillates. Benchmark prices moved sharply higher Aug. 12, led by West Texas Intermediate rising $1.06 to $42....

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Air travel slow to take off

Non-OPEC players in focus