A Rare Bullish Tint In Oil Markets

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to close higher for the week after starting the week with a slightly bearish tone. Helping to underpin prices this week was a surprise decline in U.S. inventories and optimism about more efforts to support prices by OPEC and its allies. Gains were likely capped by gloomy growth forecasts over the outlook for global demand. Bullish News At the end of the week, traders continued to react to Wednesday’s government weekly inventory report that showed…