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Oil prices may set their course for recovery
Oil prices may set their course for recovery

Oil prices may set their course for recovery

Data from the US Energy Information Administration have shown a sharp increase in demand for gasoline and diesel. Such a dynamic may continue as consumption of diesel, among other fuels, remains currently at its lowest seasonal level since 2016. The Goldman Sachs Group Investment bank has confirmed its forecast for Brent crude at $94 a barrel. Rising demand in China could also stimulate the increase of Brent prices.

BRN crude oil

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