Piercing the Sky: Where Will We See the Black Gold by Xmas?
Knock, knock? Is it already the sky, or just a ceiling? Either way, oil has risen substantially — how high can it go? Q2 2021 hedge fund letters, conferences and more Fundamental UpdatesThe crude closed on highs on Thursday thanks to optimism about demand as well as the remaining tight supply. In fact, this increase is driven by a general market sentiment that is relatively favorable to the macroeconomic situation and the conviction that supply should remain tight until the end of 2021. The WTI crude oil futures rose 1.5% - more than $1 compared to Wednesday's close. Like Wall Street, the oil ...