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Citi: With the arrival of the summer peak season, oil prices are facing a bullish market.
Golden Ten Data June 21st news, Citi pointed out that due to the global crude oil and refined oil gap of about 200,000 barrels per day, oil prices will usher in a bullish trend during the summer peak. Analysts, including Eric Lee, said in a report that multiple factors are supporting the price: ‘As shown by the latest EIA data, the increase in seasonal demand, a new round of confrontation between Israel and Hezbollah, and the hurricane season may keep prices strong into the summer.’