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Oil Prices Surge To Three-Year Highs After Hurricanes …
Driven higher by unexpectedly high demand and catastrophic hurricanes halting production, oil prices rose for a fifth-straight day on Monday, hitting their highest levels in three years as analysts point out cold winter weather and a busy pandemic travel season should only boost prices further. Meer weergeven 60%.That’s how much the price of WTI oil has surged this year alone, while the price of Brent Crude has climbed about 50%. Meer weergeven Oil producers this summer have been careful to ramp up supply after excess inventories drove prices down to negative territory for … Meer weergeven In its weekend note, Goldman cited potential new Covid-19 variants as a risk to oil demand that could curb rising prices. The bank, however, doesn’t expect prices to dip back down to $80 until the fourth quarter of 2024. Meer weergeven Web2 uur geleden · CSU predicts that the 2024 hurricane activity will be about 80% of the average season from 1991–2024. By comparison, 2024’s hurricane activity was about 75% of the average season. The 2024 ... country under asia
How Hurricane Laura Could Impact Oil Prices And Equities …
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