Day: May 28, 2024

Crude rallies on expectations of tightening supply, demand to rise; consolidation likely after correctionCrude rallies on expectations of tightening supply, demand to rise; consolidation likely after correction

By Bhavik Patel Crude oil market has woken to the fact that there will be supply tightness in the second half of the year and demand destruction from recession fears have completely been proven wrong. This has propelled the recent rally in crude where it has jumped from $67 to $85 in the matter of […]