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Oil rises but red flags abound

Advertisement Oil prices are on the rise today but the market should be cautious as the pandemic is hitting India hard and US crude stocks are forecast to build again. Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has commented on the day s developments: Oil prices are rising today on reiterated optimism for a boost in oil demand in the second part of 2021, but there are obstacles on the road that require caution. The market expects a major revitalisation for global oil demand from this summer onwards and prices are rising again as we come closer to the beginning of the expected recovery period.

Oil dips on US stocks projections and Covid-19 vaccine setbacks

Oil dips on US stocks projections and Covid-19 vaccine setbacks
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