# Oil prices rise on fuel demand expectations, easing US dollar

> Oil rose about 1% on Monday on expectations of strong summer driving demand and Middle East tensions. Drone attacks on Russian refineries also raised supply concerns.

- Date: 2024-06-24 · published 2024-06-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29936-oil-prices-rise-on-fuel-demand-expectations-easing-us-dollar
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude supports energy-linked costs and biofuel economics, with modest upside for vegetable oil prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-extends-losses-strong-dollar-weighs-commodities-markets-2024-06-24/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.