Oil prices may go down, not up
Not only will rising supply put pressure on crude prices, the hoped-for recovery in oil demand is running into trouble as well
26 July 2020 - 08:28
Oil’s recovery is being hit from both sides.
Benchmark Brent crude prices have risen by 128% from their April low, remaining above $40 a barrel since the middle of June. But rising supply and faltering demand bode ill for those who want oil prices to keep climbing...
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