By Erik Norland, Senior Economist, CME Group
Oil: Supply-Demand Dynamics as Vaccines Emerge
- Growth in US, Europe, and Japan lag pre-pandemic levels; China improves.
- Oil demand could rebound as vaccines become available, boost travel.
- Fiscal support is needed to bolster consumer spending in 2021.
- Could escalating COVID-19 cases pressure oil prices in the short term?
|Read on the CME website|