Oil will reach $100 with strong demand and the Russian-Ukrainian crisis

Crude oil prices are likely to surpass $100 a barrel due to strong global demand, analysts said this week, citing a possible war between Russia and Ukraine as one of their main concerns for markets in 2022.

Three analysts told the Reuters Global Markets Forum that oil prices will rise if global supplies are disrupted, as well as with the recovery in demand due to the escalation of natural gas prices in Europe and Asia, as well as the resumption of activities after the closures imposed to limit the spread of the Covid-19 pandemic.

“The biggest geopolitical risk in Ukraine,” said John Vail, chief global strategist at Nikko Asset Management in Tokyo… The trend is looking good overall for commodities”.

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