Bullishness is returning to the oil industry, with prices set to go considerably higher in case the conflict in the Middle East escalates, RBC’s Helima Croft told Bloomberg in an interview. The commodity analyst noted the resilience of oil demand in China as another important factor for prices, saying that while the macro picture of the Chinese economy might suggest weak demand, actual demand has actually held up pretty well. Regarding the situation in the Middle East, the biggest question remains whether Iran will become directly involved…
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