In a statement posted on his X page today, Ole S. Hansen, Head of Commodity Strategy at Saxo Bank, highlighted that crude oil is trading higher for a third consecutive session.
Tightening crude oil supply will lead to consumer behavior changes in the second half of the year as the imbalance with demand pushes inflation higher, the chief executive of Goldman Sachs has warned.
Curious Minds Corner
Why was crude oil once worthless goo used in 1800s medicine and cosmetics?
It was pitched as a cure-all for ailments like cancer and rheumatism, or refined into lubricants and ointments.