June 3, 2021
As economies emerge from lockdowns, crude oil prices are recovering from pandemic lows. In the last 6 months, the WTI spot futures reached pre-Covid19 price levels, jumping 41.8% year-to-date to $68.20. Oil macroeconomics remain favorable going forward. Indeed, expectations for fuel demand are rising ahead of the U.S. summer driving season, a period prone to...
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