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Oil Prices Potentially Set Up for Sizzling Summer

January 19, 2022 by

While the relationship isn’t absolute, periods of low spare capacity often correlate with rising prices — and vice versa — as traders either grow confident or anxious over how much supply would be available in the event of a crisis. Crude’s spike to an all-time high of almost $150 a barrel in 2008 came as reserves became perilously low.

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