Crude Oil Soars Towards $95-$100 as Global Demand Surges

Crude oil prices are on the rise as they recover from their pullback around $74.50, and market analysts see scope for further gains.

The next upside areas of interest are between $95 to $100, with momentum potentially driving prices even higher.

This bullish momentum is fueled by consistent global crude inventory draws and ongoing supply management from major producing nations.

As a result, the Canadian dollar is expected to gain strength, while the US dollar weakens further.