Vaccine deployment and Saudis' voluntary cuts support crude market — RealnoeVremya.com
Photo: CGP Grey At the end of 2020, oil markets perked up fuelled by the news on vaccine approvals, but this month, their optimism has faltered due to the persistent spread of the virus. Nonetheless, most analysts consider that demand for crude will recover in the second half of the year. Despite COVID-19’s recent resurgence in several countries, analysts expect a recovery in oil demand and prices this year, says S&P Global Platts adding that oil markets are watching a tug of war between the virus and vaccine deployment. According to Goldman Sachs, Brent crude may rise to $65 per ...
Source: realnoevremya.com