International Energy Agency released a report that the recent increase in crude oil consumption in many countries is expected that global demand for crude oil will rise this year..
Analysts said the recent data and news ease the investors a certain extent to the concerns of international crude oil market oversupply, to support oil prices rise.
By the end of the day, the future price of light crude oil delivery in August from the New York Mercantile Exchange rose $ 0.59, closed at $ 46.08 a barrel, rose by 1.30%. The future price of crude oil from London Brent delivery in September rose $0.68, closed at $48.42 a barrel. Rose by 1.42%.
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