16 min
Oil may rise this year on increased demand and restricted supply IG trading the markets
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- Investing
In this episode we are joined by Sam Wahab from SP Angel to talk about oil and its supply-demand mechanics.
With the rollout of the Covid-19 vaccine it is expected that oil demand will begin to creep up later in the year and consumers come back online. This, tied in with the restricted supply - as producers won’t be able to turn the taps back on - will create support for oil prices.
Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.
Follow us on Twitter @IGTV (https://twitter.com/IGTV)
In this episode we are joined by Sam Wahab from SP Angel to talk about oil and its supply-demand mechanics.
With the rollout of the Covid-19 vaccine it is expected that oil demand will begin to creep up later in the year and consumers come back online. This, tied in with the restricted supply - as producers won’t be able to turn the taps back on - will create support for oil prices.
Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.
Follow us on Twitter @IGTV (https://twitter.com/IGTV)
16 min