Oil prices were higher today, edging up to one week highs closing at their highest since the 30th. Data from China and the US both showed demand could rise. “Oil prices traded in a very tight range. There’s not a lot of oil news out there. The geopolitical news from the Middle East is in the background and it’s unclear,” Phil Flynn, an analyst at Price Futures Group, said of the small changes in crude prices. Limiting gains however was yesterdays report showing gasoline and diesel demand was the worst since the pandemic. In China meanwhile, crude oil imports rose on the previous year in April and exports and imports returned to growth last month, indicating an increase in demand at home and overseas as Beijing moves to shore up a shaky economy. WTI traded up $.27 or .3% to close at $79.26. Brent traded up $.30 .4% to close at $83.88.