Crude oil prices continue to rise, surpassing US $ 80 a barrel for the first time in three years.
Evan Lucas, chief market strategist at InvestSMART, said this was primarily due to COVID, and last year oil demand “completely evaporated”.
“Demand is very high as speed and recovery are progressing around the world. Vaccination is great. Currently, there are scenarios where supply is actually being surprised,” Lucas said. Sky News Australia.
He said the United States is pulling a record of 4.5 million barrels a day.
Oil prices reached US $ 80, the highest in three years
Source link Oil prices reached US $ 80, the highest in three years