Crude oil futures are expected to continue rising this week Jan. 17-21 as tightening supply and demand fundamentals keep investors bullish on oil. The front month ICE Brent and NYMEX light sweet crude futures contracts were not far from 3 and 7-year highs, respectively, which were hit in late October. At 0230 GMT Jan. 17, .
Crude oil futures are expected to maintain their bullish momentum in the week of Jan. 10 despite rising COVID-19 cases worldwide, as investors remained confident that the longer-term outlook for oil demand and supply will likely be tight. ICE March Brent crude futures stood at $81.89/b at 0200 GMT Jan. 10, up 14 cents/b, or .
Crude oil futures are expected to climb this week Jan. 3-7 as COVID-19 concerns ease and amid positive sentiment from last week’s Santa Claus rally, which is expected to carrying over into the new year. ICE March Brent crude futures stood at $78.15/b at 0200 GMT Jan. 3, up 37 cents/b, or 0.48%, from the .