Oil rises for sixth week as growing chorus predicts $100 price - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Saturday, 29 January 2022

Oil rises for sixth week as growing chorus predicts $100 price

West Texas Intermediate rose 2% for the week as robust demand tightened global markets. As supply remains constrained, a chorus of Wall Street banks and oil executives are forecasting a return to $100 oil. Additionally, heightened geopolitical risks driven by fears that Russia may invade Ukraine have also contributed to crude’s climb.

from Commodities-Markets-Economic Times
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