Oil’s Longest Rally in Two Years Fizzles With Dollar Climbing

2/12/2021

Oil is set to eke out a weekly gain and some are optimistic on the longer-term outlook, including the IEA. Bank of America became the latest institution to add to a chorus of bullish voices, saying that demand could rise at its fastest pace since the 1970s over the next three years. WTI is $57.75; Brent is $60.71.

Source: Bloomberg.com - By: Saket Sundria and Alex Longley - Image: Luke Sharrett

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