Mid-Week Review – January 12, 2021

Drivers, get ready for $4 gas

Americans all over the country have been paying higher prices at the pump. And if Omicron doesn’t result in another round of widespread lockdowns or crackdowns on social gatherings, we can expect to see record-high gas prices nearing $4 a gallon in dozens of states this year. Click Here to read more from CNN Business.

Oil trades at 2-month high, boosted by optimism over economy

Oil futures rose Wednesday, hitting two-month highs, as traders appeared upbeat on the economic outlook on expectations the omicron wave of COVID-19 will have little lasting effect on demand. Click Here to read more from Market Watch.

Oil rides into 2022 on bullish wave as demand fears fade

Oil has started off 2022 with a bang. A market that was supposed to suffer a ballooning surplus instead surpassed US$80 a barrel last week as global demand shrugs off the Omicron variant, while a host of supply constraints hit producers from Canada to Russia. Click Here to read more from the Financial Post.

$100 Oil? Bets Are Rolling In Again.

To say investors are bullish on oil again would be an understatement. In a year that has begun with serious uncertainty—largely about the path of interest rates and tech stocks — a positive call on oil is as close to a consensus opinion as it gets. Click Here to read more from Barron’s.

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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