Crude prices are shrugging off the impact of a stronger US Dollar and weaker China data this week with crude futures seen pushing up to fresh highs for the month. The market has rallied firmly off the 72.61 level and is now up almost 8% off the June lows. The key driver behind the move has been the increased demand expectations at the start of the summer driving season in the US and Europe. Jet fuel demand is also typically seen higher over the coming months which is expected to help pull the market into a deficit. Indeed, in a note released this week Goldman Sachs said that its tracking of global stocks and OECD ... (full story)