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Crude Prices Surge As Investor Appetite For Risk Rekindles

Crude Prices Surge As Investor Appetite For Risk Rekindles by Ship & Bunker News Team Wednesday July 21, 2021 Analysts reiterate their view that demand is red hot : File Image/Pixabay Analysts who warned that crude trading would be volatile in the near term weren t joking: after a recent 7 percent plunge in prices followed by a modest rebound, oil on Wednesday surged over 4 percent, despite a rise in U.S. inventories, and supported by the greater knowledge that the global market remains tight. Brent rose $72.23 per barrel; West Texas Intermediate rose $3.1, or $70.30 per barrel. Organization of Petroleum Exporting Countries (OPEC)  to boost supply by

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