Huitong Financial News, January 18, oil prices rose on Thursday as OPEC expects relatively strong growth in global oil demand in the next two years, the market expects U.S. oil production to be interrupted due to a cold snap, and geopolitical tensions in the Middle East. However, price increases are currently limited as the market takes into account mixed factors.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
A combination of OPEC forecasts, the situation in the Middle East and U.S. production contributed to the rise in oil prices
Huitong Financial News, January 18, oil prices rose on Thursday as OPEC expects relatively strong growth in global oil demand in the next two years, the market expects U.S. oil production to be interrupted due to a cold snap, and geopolitical tensions in the Middle East. However, price increases are currently limited as the market takes into account mixed factors.