Energy

Analysts on the outlook for crude after strong first half

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An employee wearing a face mask refuels a vehicle at a gas station of Sinopec (China Petroleum and Chemical Corporation) on July 10, 2020 in Xinle, Hebei Province of China.

Jia Minjie | Visual China Group | Getty Images

Oil prices surged more than 45% in the first six months of 2021, rallying toward $80 a barrel for the first time in more than two and a half years.

Analysts on Wall Street believe there is potential for crude markets to climb even higher in the coming months, although not everyone is convinced that’s the case.

International benchmark Brent crude futures traded at $75.76 a barrel on Friday, down around 0.11%. The oil contract recorded gains of more than 45% through to the end…



Source cnbc.com

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