Brent Oil Climbs Back Above $63 With Goldman Seeing More Gains

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Brent Oil Climbs Back Above $63 With Goldman Seeing More Gains

Bloomberg2021-02-22

Bank predicts global benchmark crude will advance into $70sFutures in London add 1% after falling previous two daysBrent oil resumed gains as the market assessed the fallout from the big freeze across...

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Paulie13
·2021-02-23
Wiw
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Ivyn
·2021-02-23
Wow
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Ivyn
·2021-02-23
Wow
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Ivyn
·2021-02-23
Wow
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teycwee
·2021-02-22
Return of Big Oil?
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nakazatous
·2021-02-22
Gogoogg
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FT585
·2021-02-22
Go go go
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A robust recovery from the Covid-19 outbreak had pushed prices to the highest level in over a year last week and Goldman sees therally acceleratingas demand outpaces supply from OPEC+, shale and Iran.Saudi Arabia and Russia, meanwhile, are heading toward an OPEC+ meeting next week with differing opinions about adding more supply to the market in April. The kingdom wants to holds output steady, according to delegates, but Moscow is indicating that it still wants to proceed with a supply increase.Oil has gained more than 20% this year after a pledge from Saudi Arabia last month to deepen production cuts turbo-charged a rally triggered by Covid-19 vaccine breakthroughs. 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