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Oil rides into 2022 on bullish wave as demand fears fade

January 09, 2022 3:28 PM

LONDON (BLOOMBERG) – Oil has started off 2022 with a bang. A market that was supposed to suffer a ballooning surplus instead surpassed US$80 a barrel last week as global demand shrugs off the omicron variant, while a host of supply constraints hit producers from Canada to Russia.

Source : https://www.straitstimes.com/business/economy/oil-rides-into-2022-on-bullish-wave-as-demand-fears-fade

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