• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
MMlogo2
  • Our Strategy
  • Our Team
  • What Are Royalties
  • Strategic Sales
  • News
  • Contact

Oil prices vault towards $70 as the OPEC-fueled crude rally continues

June 16, 2021 by

Crude has soared this year, shepherded higher by OPEC+ restraining supplies and the vaccine-aided recovery in consumption that’s drained inventories. The group’s decision represents a victory for Riyadh, which has advocated for restraints to keep prices supported. However, the rally could spur drilling activity by U.S. shale explorers, and stoke global inflationary pressures.

Primary Sidebar