Why Oil Prices Are Still On Track To Move Higher By: TalkMarkets July 03, 2024 at 04:10 AM EDT GDP is expected to grow this year, and global GDP is forecast to grow by 3.1% this year and 3.2% next year. That should lead to increased demand for oil. Read More >> Related Stocks: Chevron Corp Crude Oil Cvr Energy Inc Hess Midstream Partners LP Suncor Energy Inc US Brent Oil Ultra Bloomberg Crude Oil 2X ETF United States Oil Fund