Crude Oil Market Supply Tightness Supported Higher Oil Prices in 2021: EIA
Brent spot prices began at $50 per barrel in January 2021 and climbed to a high of $86 per barrel in October before falling in the final weeks of the year, according to a Jan. 4 report from the U.S. Energy Information Administration (EIA) on crude oil prices recovery last year. The agency highlighted that…...