Articles
22 February 2021

Patterson on oil: There seems to be no stopping this market

ING's Head of Commodity Strategy, Warren Patterson, looks at what's really driving the price of oil higher and why $70 a barrel for Brent is not out of the question

Why there’s no stopping the oil price rise

There seems to be no stopping the oil market, with Brent having traded above $65 a barrel and up around 25% so far this year. So what’s behind this strength? And where are we going next? In this short video, ING's Head of Commodity Strategy, Warren Patterson, explains why he's expecting prices to trade just short of $70 a barrel towards the end of this year

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