Oil prices jump after upbeat demand outlook as traders keep eye on gas shortages in southeastern U.S.
May 12, 2021 at 08:30 AM EDT
Oil futures jump Wednesday, boosted by an upbeat outlook for demand in the second half of 2021 and data showing a drop in U.S. crude inventories, while traders keep an eye on gasoline shortages across the Southeast as Colonial Pipeline moves to restore service on a key fuel artery.