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Will Oil Hit $80 This Summer – OilPrice.com

Oil prices have recovered significantly since the beginning of this year, and while some analysts expect crude prices to hit $80 this summer, others don’t expect…

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Oil prices have rallied over…
With the exception of Abu…
Oil prices recouped earlier losses…
By Julianne Geiger – May 04, 2021, 7:00 PM CDTIndia, the world’s third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic that dented oil demand and pressured oil prices.
OPEC+, out of its own necessity, has intervened in the oil market on the supply side of the equation to offset the pandemic-depressed oil demand….

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