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Oil comes back to life in a $2 rally to the best levels in six weeks

Oil comes back to life in a $2 rally to the best levels in six weeks

Energy is in short supply
The main reason for today’s gains is the threat of a shift to more oil for electricity. Bank of America estimates there could be as much as 1.8 million barrels per day of potential crude demand from that switch, as utilities balk at high natural gas prices.

Source: Forexlive RSS Breaking news feed
Date: September 16, 2021, 05:08