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- Oil prices have further headroom to rise in the short term, according to major asset managers. “In recent decades, there has been no instance in which oil prices have spontaneously declined when supply caught up with demand without some form of economic slowdown,” Reuters market analyst John Kemp argues.
www.nasdaq.com/articles/why-oil-prices-will-rise-in-the-short-term-2021-11-02
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Jan 4, 2022 · Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in ...
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Jul 14, 2022 · Key support over the near term will continue to be provided by a fundamental backdrop that shows some signs of bending but not breaking. Accordingly, prices could bobble within a wide range, but are expected to average more than US$100 per barrel through the third quarter.
Aug 8, 2022 · Crude oil prices have fallen below $90 per barrel. Why are oil prices falling and will they keep going down in 2022? Consumers welcome relief at the pump.
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