Bullionguru’s,”Oil rises on firm short-term demand outlook; overall market still weak”

U.S. West Texas Intermediate (WTI) crude futures were at $44.56 per barrel, up 16 cents, or 0.4 percent.Traders said the uptick in prices was in part due to healthy demand expected in the coming weeks.

Weekly U.S. gasoline demand data “compares favorably to the five-year average and miles driven also continue to grow year-on-year,” said Bank of America Merrill Lynch (NYSE:BAC).

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