And this as well from CNN:
$149 a barrel?: A report by Goldman Sachs predicting prices could reach new heights was also feeding the rally.
The falling demand for crude, which had driven down prices more than $25 a barrel over the past two weeks, was only temporary, a Goldman analyst wrote in a report released Wednesday. The report went on to predict that prices would jump back up again to hit $149 a barrel by the end of the year.
"Basically Goldman Sachs hit right at the heart of why the market was going down," said Phil Flynn, senior market analyst at Alaron Trading in Chicago.
US demand was recorded as having fallen 2pc. Of 20 million barrels per day or 400,000 barrels.