CRUDE oil prices have surged since Russia’s invasion of Ukraine, and other geopolitical supply risks globally and the latest uncertainty stemming from the EU’s Russian ships insurance ban are set to stoke even more volatility and keep oil prices elevated amid robust demand.
Platts Analytics, part of S&P Global Commodity Insights, is expecting Dated Brent to average US$100-US$115/b through the rest of the year and the market to remain in a cycle of two steps forward, one step back.
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