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Business:Investing

Oil may rise this year on increased demand and restricted supply

2021-01-13

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In this episode we are joined by Sam Wahab from SP Angel to talk about oil and its supply-demand mechanics.

With the rollout of the Covid-19 vaccine it is expected that oil demand will begin to creep up later in the year and consumers come back online. This, tied in with the restricted supply - as producers won’t be able to turn the taps back on - will create support for oil prices.

Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.