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MARKETS

Crude price bull run finally plateaus

THE latest report from the International Energy Agency on the oil market outlook for August 2021 shows August appears to have been the breaking point for the crude oil price bull rally of second quarter of 2021, with prices rising to the low-mid US$70bbl range, but falling back at the start of the month.

Jonathon Davidson
Bullish 2021 oil rally over for now: IEA

Bullish 2021 oil rally over for now: IEA

  The August oil market report reflects that global oil demand rose by 3.8 million barrels of oil per day month-on-month in June, led by increased transport demand across North American and European...

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