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Oil Prices Expected to Rise to $60 in 2021 –...

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After hitting an all-time low earlier in 2020, crude oil prices are expected to rise to more normal levels in the first half of 2021. Bank of America says in the most recent Global Energy Weekly that they now forecast Brent Crude to reach $60 per barrel earlier next year. The announcement comes just two […]
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Oil Prices Suppressed by Low Demand, How Auto Retail May...

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American oil prices have rallied back from an all-time low of negative $37.63 per barrel for May futures on West Texas Intermediate (WTI) crude on April 20th. At that price, a seller would actually have to pay to have the buyer take their inventory – an unlikely scenario that would typically see sellers hold their […]
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