Oil prices are up as uncertain traders bet on demand recovery Speculation over when and if people will begin to travel and commute again is driving dueling bets in the market and historic volumes of trade 17 March 2021 - 11:57 Noah Browning Picture: 123RF/PIX NOO
London Trading in oil futures is now as heavy as it was in the first months of the Covid-19 crisis, according to market data and analysts, with oil bulls and bears rushing to hedge against jolts in the steady rise of prices.
Oil futures have already recovered to pre-pandemic levels, with Brent crude futures spiking $55 in less than a year to $70 a barrel this week, while actual fuel demand remains weak.
Oil bears and bulls grapple as market puzzles over pandemic exit
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Oil bears and bulls grapple as market puzzles over pandemic exit
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<p><span>New York Attorney General Letitia James today urged victims of fraud perpetrated by Metals.com and related entities to file a claim with a court appointed receiver and begin the process of recovering their defrauded funds. Last September, Attorney General James, along with 29 additional states and the U.S. Commodity Futures Trading Commission (CFTC), <a href="https://ag.ny.gov/sites/default/files/complaint with ecf stamp.pdf">filed a lawsuit against Metals.com for defrauding seniors across New York and the rest of the nation</a> — soliciting more than $185 million by peddling false claims and by charging exorbitant fees for overpriced precious metals. Earlier this month, <a href="https://ag.ny.gov/sites/default/files/de 227-order establishing claims adjudication process.pdf">the U.S. District Court for the Northern District of Texas entered an injunction and a restraining order</a>, fr