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What’s Affecting Oil Prices This Week? (June 14, 2021)
Oil prices are still going up, a trend that Stratas Advisors expects to continue during the next month. Here’s why.
US Crude Oil Stockpiles Drop Sharply: Report
Analysts said the 7.4 million-barrel drawdown in crude stocks in the week to June 11 to 466.7 million barrels, the fourth consecutive weekly decline, augurs for improved demand in coming weeks.
OPEC Sticks to Forecast of Oil Demand Surge
In a monthly report on June 10, OPEC said oil demand would rise by 6.6% or 5.95 million bbl/d this year.