Oil hits fresh multi-year highs on demand recovery

oil hits fresh multi year highs on demand recovery

Sumary of Oil hits fresh multi-year highs on demand recovery:

  • The International Energy Agency (IEA) said in its monthly report that the Organization of Petroleum Exporting Countries and allies, known as OPEC+, would need to boost output to meet demand set to recover to pre-pandemic levels by the end of 2022..
  • investment bank Goldman Sachs said it expects Brent crude prices to reach $80 per barrel this summer as vaccine rollouts boost global economic activity….

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