Oil: At the crossroads of supply and demand

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