Oil Prices Climb On Stimulus Hopes ...Middle East

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Oil Prices Climb On Stimulus Hopes
source : OILPRICE ( Middle East ) () 22
Chart of the Week-    Oil is once again trapped between vaccine optimism and near-term pandemic pessimism. -    Vaccinations began across the EU in recent days, but there are signs of an economic hit in Asia on an uptick in infections. -    The front-end of the brent curve has moved back into contango, a sign of bearishness for the time being. Market Movers-    Gazprom (OTCPK: OGZPY) expects to produce 452 bcm of natural gas this year, which it said has been a “challenging”…

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