Will Oil Hit $100 This Year? ...Middle East

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Will Oil Hit $100 This Year?
source : OILPRICE ( Middle East ) () 29
Oil’s rally to above $70 a barrel has spurred talk of $100 oil—an unthinkable outlook at this time last year when economies and global crude demand were reeling from the pandemic.  But now recovering demand and still tight supply are supporting oil prices and fueling forecasts that there is a chance we could see $100 oil again, for the first time since 2014.    Several factors are supporting this very bullish view on oil right now. Global crude oil demand is expected to surge, in the biggest jump ever over the next…

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