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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Saturday 29 January 2022
Oil rises for sixth week as growing chorus predicts $100 price
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