Oil prices look for recovery, but headwinds remain
Oil prices look for recovery, but headwinds remain
Inflationary concerns in the United States, geopolitical issues and renewed lockdowns in Europe are among the factors that could influence the price of oil this week, analysts said.
West Texas Intermediate, the U.S. benchmark for the price of oil, finished trading last week down about 6 percent to $61.42 per barrel on Friday. Up some 26 percent on the year, last week’s price move bucked recent optimistic trends.
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