Crude oil markets have been jittery lately as additional OPEC+ output counters expectations of continued strong demand and coincides with concerns about the resurgence of Covid-19 in key markets. Yet some believe oil could still hit $80 a barrel. Analysts believe strong demand during the second half of the year will prevail, writes Dan Eberhart from Canary LLC in an article for Forbes.
In addition to these demand expectations, there is still substantial uncertainty around the U.S.-Iran nuclear deal, especially now, in the wake of a tanker attack…Could Oil Still Hit $80?
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