Tuesday , March 2 2021

Why did oil prices rise over the four years in the bear market

The oil market faces a staggering coup, as crude future products generated profits this year just after six weeks ago.

The roots of the drawer can be traced back to the last rally. In many energy analysts, oil prices never had to rise so fast.

On Tuesday, 3rd of October, unprocessed futures increased to four years' growth, as the market was linked to renewed US sanctions against Iran, the third largest producer of OPEC. In September, the threat of sanctions wiped around 800,000 barrels a day outside the market, prompting speculation that some oil importers are struggling to find supplies.

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