Investing.com investing.com 12 Jan, 2021 23:00 am

Crude Oil Hits Pre-Pandemic Highs on Bets Vaccine to Keep Rebalancing Intact By Investing.com

Crude Oil Hits Pre-Pandemic Highs on Bets Vaccine to Keep Rebalancing Intact By Investing.com
Crude Oil Hits Pre-Pandemic Highs on Bets Vaccine to Keep Rebalancing Intact

Goldman Sachs (NYSE: GS ) forecast Brent crude rising to $65 a barrel by mid-year, ahead of their previous estimate for the end of 2021 on expectations that the tightening in supplies will continue."We have long held a bullish view for oil prices in 2021 and the events of the first weeks of the year have sharply reduced the risks that the market rebalancing gets derailed," the Goldman Sachs analysts said."Oil demand remains very levered to reaching herd immunity, with half of global oil demand losses still coming from jet, where international travel remains down 75% despite domestic flying only down 28%," Goldman Sachs said.Third of oil and gas workers faced pay cut in 2020 due to pandemic, survey shows p By Bozorgmehr Sharafedin LONDON (Reuters) - Almost one in three workers in the oil and gas industry faced pay cuts in 2020, a worldwide survey showed on Tuesday, as the.

By Yasin Ebrahim Investing.82M Barrels Last Week: API p By Yasin Ebrahim Investing.

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