The global oil price is set for an upward course according to market analysts as the world economy picks up.
Talk of economic booms in the West, as the worst of the covid crisis peak seems to have passed, have convinced markets that demand for oil is about to go through the roof.
As noted elsewhere, on looking back 10 years ago the oil price was double what it is today. There’s plenty of scope for it to go up - barring any nasty twists in the pandemic trajectory.
Meanwhile poorer regions in the world are set to be ravaged by the virus, as already evidenced in India.
