Crude oil demand returns faster than supply, increasing prices and reducing inventories

Crude oil demand returns faster than supply, increasing prices and reducing inventories
PromData – агенство промышленных и ценовых данных
09.11.2021
The price of U.S. benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020. Because of the economic effects, government and business responses, and personal travel changes caused by the COVID-19 pandemic in 2020, demand for crude oil and petroleum products declined rapidly, inventories increased, and prices fell.

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