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Will $60 oil be the new normal?

Will $60 oil be the new normal? Muzaffar Rizvi/Dubai Filed on April 18, 2021 Energy experts and analysts see a $60-per-barrel price as the new normal and said crude prices may shoot as high as $80 during the third quarter of 2021 on a near-term demand recovery, supply discipline and higher GDP growth for the global economy. File photo Supply discipline, demand recovery may lift crude prices in second half The upward trend in oil prices are expected to strengthen in coming weeks as stronger demand outlook and signs of economic recovery in China and the United States offset rising Covid-19 infections in some other major economies, according to latest reports.

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