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Oil Markets

A Wild Winter, Calmer Spring

Copyright © 2021 Energy Intelligence Group
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Oil markets face potential volatility this winter as fuel switching and cold weather pressure product markets. We see possible price spikes into the $90s, before markets settle back from January as seasonal demand eases. Renewed demand growth in mid-2022 could firm prices again, especially if Opec-plus constraints limit incremental supply, according to our forecast.

Oil market sentiment reversed dramatically in the past week, but a closer look reveals that the bearish move had been building for some time.
Thu, Dec 2, 2021