What will it take for oil prices to explode – OilPrice.com

What will it take for oil prices to explode – OilPrice.com

By Editorial Dept – August 14, 2020, 12:00 p.m. CDT

US West Texas Intermediate crude oil futures were down on Friday, giving up some of this week’s gain. Prices are capped by doubts about the resumption of demand due to the COVID-19 pandemic and increased supply.

Although the futures contract is hovering near the top of its two-month trading range and slightly above a long-term…

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