Oil rallies on strong US petrol demand

Rally: crude rises

Oil rallied as much as 3% on Wednesday with Brent prices helped by news of stalled loadings for the UK's North Sea oil while US crude futures rose after strong demand for gasoline offset worries about record high crude inventories.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?