October 15, 2021 7:19 PM

Crude oil prices climb on strong demand, weak supply

Global crude oil prices climbed, heading for gains of more than 3 per cent for the week, on increasing signs of robust demand and tighter supplies over the next few months as rocketing gas and coal prices stoke a switch to oil products. Brent crude oil futures touched their highest since October 2018, rising 92 cents, to 84.92 dollars a barrel. Front-month prices are set to climb for the sixth straight week, up 3 per cent this week. US crude futures rose 75 cents to 82.06 dollars a barrel, addin...