View full page at energyexch.com

 

Oil and Gas Are Back in Focus as Winter Approaches and Demand Rebounds

From tradestation.com

Bullish catalysts seem to be increasing in the oil and natural-gas markets as demand rebounds and winter-heating season approaches. OPEC surprised investors on Monday by forecasting that global oil demand will hit new all-time highs in 2021, above pre-pandemic levels. Bank of America separately predicted that Brent crude oil may climb 35 percent to $100 per barrel in the next six months if winter is colder than usual. The predictions come at a time when U.S. oil inventories have declined to their lowest levels since July 2018. Natural-gas inventories are running 17 percent below their level last year. Some analysts ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis