Oil Price ‘Supercycle’ Not Anywhere, Say IEA

Will crude oil prices continue their recent dramatic boom as the pandemic recovery takes hold? Perhaps not.
Some analysts are expecting crude prices to surge near $100 per barrel as coronavirus lockdowns end and travel resumes.
But the IEA, which monitors energy market trends for the world’s richest countries, thinks there is too much oil sloshing around global markets for a supercycle to take hold.

A recent news article published in the CNN written by Charles Riley analyze about the rising...