"U.S. Demand Surge Halts Oil Price Rally, Signals Short-Term Volatility"

Crude oil prices are on the rise due to concerns over tightening supply, with April WTI crude oil futures showing a 0.19% increase for the week, signaling a bullish sentiment in the market. The widening gap between spot prices and near-date futures indicates a strong short-term demand outlook, while the recovery of U.S. refineries, such as BP's Indiana and TotalEnergies’ Port Arthur, is expected to boost demand for crude oil, further enhancing the bullish signal in the market.