bullish
Global Commodities: If You Need Oil This Summer, Who You Gonna Call?
SUMMARY
- Global oil prices are on the rise, with Brent oil projected to average $84 in the third quarter and potentially reaching $90 by August or September
- Demand for oil products is strong, especially in the US market, with record summer travel expected to drive up consumption
- Chinese demand for oil is also increasing, with the country adding to its strategic reserves and seeing a surge in crude imports
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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