Oil edged closer to $95 a barrel Monday following a three-week rally that boosted prices by 11%, accompanied by a jump in key timespreads that suggest the market is undersupplied. Will Kennedy reports on Bloomberg Television. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
Brent Oil Climbs as Market Focuses on Supply Over Demand
Oil edged closer to $95 a barrel Monday following a three-week rally that boosted prices by 11%, accompanied by a jump in key timespreads that suggest the market is undersupplied. Will Kennedy reports on Bloomberg Television. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/