
- Oil prices lurching back to $100/barrel is now a distinct possibility, says analysts.
- Prices are up so far this year due to vaccines roll out and demand in major economies, particularly the U.S. and China.
- Last year, oil demand saw a historic drop of 8.8 million barrels/day.
- Brent and WTI are now up between 40% and 45% this year.
- Consumers have other options as prices for electric vehicles come down, and oil prices go up.
- Forecasts of $100 barrel oil rest on assumptions of strained supply and...
https://mfame.guru/100-barrel-landmark-oil-price-possible/