NEW YORK (Dow Jones)--Crude oil futures traded higher Wednesday, as the world's top oil exporter said it expected demand to rebound.
Ali Naimi, Saudi Arabia's oil minister, said customers want more oil to fuel an uptick in industrial demand, potentially signaling that the end of the global economic downturn is in sight. "You bet we're seeing (added demand) from some of our customers for more oil, and we're providing it," Naimi told reporters in Vienna. "There is a lot of optimism ...
Full Story: OIL FUTURES: Nymex Crude Rises On Demand Recovery Hopes - Wall Street Journal
Ali Naimi, Saudi Arabia's oil minister, said customers want more oil to fuel an uptick in industrial demand, potentially signaling that the end of the global economic downturn is in sight. "You bet we're seeing (added demand) from some of our customers for more oil, and we're providing it," Naimi told reporters in Vienna. "There is a lot of optimism ...
Full Story: OIL FUTURES: Nymex Crude Rises On Demand Recovery Hopes - Wall Street Journal
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