Will International Lockdowns Affect Recent Oil Market Growth?

Matthew Rigdon, Executive VP and COO

Oil prices have continued to rally due to increasing demand and markets are forecasting¬†for continued demand growth. These price increases have been driven almost entirely by progress by the U.S., Europe, and Britain in reopening their economies as the pandemic comes under control with mass vaccinations. West Texas Intermediate (WTI) crude prices have recently stabilized…