Oil Prices Rise on Strong U.S. Demand Outlook and Weaker Dollar

Oil prices climbed on Thursday, supported by a stronger demand outlook in the United States after fuel inventories dropped more than expected. A weaker U.S. dollar also contributed to the gains, making crude more attractive for global buyers.

The data on falling fuel stocks signals robust consumption, reinforcing market confidence in sustained demand. Traders are closely watching economic indicators and supply trends for further price movements