Oil & gas prices are soaring on the back of robust demand with the reopening of the economy. According to the latest Energy Information Administration (EIA) report, global oil demand has almost reclaimed pre-pandemic levels.
West Texas Intermediate (WTI) is trading near its highest level since 2014. Oil prices were trading at a two-week high on November 9, with Brent crude rising 1.6% to settle at $84.78 per barrel and WTI crude climbing 2.7% to $84.15. The the bipartisan infrastructure spending bill passed by Congress this week is expected to…
This article originally appeared at StockNews.