Oil prices rose early on Monday, with the U.S. benchmark hitting a 32-month high and Brent rising above $73 per barrel as the market is growing increasingly bullish on demand while the return of Iranian oil looks more distant than initially thought. As of 10:06 a.m. EDT on Monday, WTI Crude prices were up by 1.14 percent at $71.72, after touching a 32-month high in earlier trading. Brent Crude was up by 1.06 percent, surpassing the $73 a barrel mark and trading at $73.46. Oil prices continued their move upward this week, after rising last week on the back of bullish demand reports by both OPEC and the International Energy Agency (IEA). Global oil demand will rise by 6 million barrels per day (bpd) this year from the lows of 2020, led by strong consumption in China and the United States, especially in the second half of 2021 with […]