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WTI, Brent Looking to Extend Gains as Supply Crunch Sees Oil Surge

KEY TALKING POINTS: Oil demand picks up as economies recover from the pandemic shutdowns. Power crunch in China unsettling oil traders.   Brent crude has dipped this morning after a 5-day rally ran out of steam after hitting a 3-year high just shy of $80 a barrel. It’s likely that profit-taking is behind yesterday’s rejection after a good rally but we may have some stagnation around this level as investors weigh up where to go next. The run-up in prices is leading on

MongiIG

MongiIG in Market News

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