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Forex news -forex broker review => Forex => Topic started by: forex4you on Feb 08, 2022, 04:24 am

Title: World’s Top Oil Trader Sees Higher Prices
Post by: forex4you on Feb 08, 2022, 04:24 am
World's Top Oil Trader Sees Higher Prices

Even after hitting $93 per barrel last week, oil prices have further room to rise in the coming months, with the $100 oil forecast of major investment banks now in sight.   Robust oil demand and the headroom for money managers to expand their long positions in the crude complex, combined with shrinking global spare production capacity and "worrisome" inventory levels, could push oil prices even higher, the world's largest independent oil trader, Vitol Group, says.  Demand recovery and the mild impact of the Omicron...


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