Oil Markets

Prices Probe Tipping Points

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The run-up in oil prices has been driven by both strong fundamentals (particularly demand) and a structural shift toward more bullish psychology, according to Energy Intelligence analysis. We have upped our Brent forecast to $85-$90 this summer, with potential for $100-plus spikes, but are aware that markets are still probing for the right prices to relieve current tightness.

Topics:
Oil Spot Markets, Oil Demand, Oil Inventories, Oil Supply, Oil Forecasts, Oil Prices, Crude Oil, Oil Trade, Oil Futures and Derivatives, Diesel/Gasoil, Jet Fuel, Opec-Plus Supply , Gasoline
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