Oil Prices Set To Head Even Higher As Market Tightens

Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally catching up with the recent rally in the paper market.   The strengthening appetite for crude in Asia and tightening regional markets due to changed differentials between regional benchmarks are, in turn, supportive of the oil futures rally, analysts and traders tell Reuters.  The surging premium of Brent over the Middle Eastern benchmark Dubai now makes shipping crude grades from the…