Expectations of increased demand for oil from the Organization of Petroleum Exporting Countries sent crude oil prices higher in Wednesday trading. OPEC in its latest monthly market report said global oil demand for 2015 is seen as growing at 1.18 million barrels per day, an increase from last year’s growth of 960,000 bpd, but unchanged from OPEC’s assessment in May. Crude oil prices rallied nonetheless. Brent crude oil rose nearly 2 percent to $66.12 per barrel in early Wednesday trading. West Texas Intermediate, the U.S. standard, rallied 2.2 percent early in the trading day to $61.51 per barrel. Both indices are above where they started June 1. OPEC’s decision to keep production levels static pushed oil prices lower […]