Brent Oil Analysis: Can Oil Hold $70 as COVID Cases Rise?

In, Wheeler Resource Recovery Principal, J.P. Bolton, offers insights on the current pricing of brent crude oil and what that means for the state of the industry.

“Brent oil is poised for a market boom… and will likely hit $100 by the end of December. This is due to the energy usage increase from economies recovering from COVID. This will continue, and the high energy usage through the upcoming holiday season will create a supply and demand situation favourable to $100 a barrel prices.”

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