OIL PRICES

 

Oil Prices Buoyed By Stimulus Hopes, Middle East Tensions And Rising Demand

Oil prices were buoyed by a combination of factors last week, despite traders’ underlying concerns about the shaky global economic outlook. These were outweighed by expectations of further economic stimulus in the US and Europe, political tensions in the Middle East and evidence of a seasonal rise in oil demand. Barclays head of commodities research Paul Horsnell...