Weekly Fundamentals - Upward Revisions in Demand Outlook Support Oil Prices

Crude oil prices have been range-bounded in recent months. The front month WTI crude oil contract has been moving within a range of US$50-55/bbl since mid December last year, while the Brent contract with US$53-58.5/bbl during the period. Such movements are understandable.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-upward-revisions-in-demand-outlook-support-oil-prices-2017021934268/