World Oil SINGAPORE (Bloomberg) –Oil steadied after a two-day advance as investors bet the global demand recovery will remain intact despite the latest wave of Covid-19 that’s led to tighter restrictions on movement in many countries. Futures in New York traded near $69 a barrel after rising more than 4% over the previous two sessions. While Goldman Sachs Group Inc.
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Reuters LONDON -OPEC on Thursday stuck to its prediction of a strong recovery in world oil demand in 2021 and further growth next year, despite concerns about the spread of the Delta coronavirus variant that has weighed on prices. The Organization of the Petroleum Exporting Countries in a monthly report also raised its forecast of supply from rivals, including U.S.
Analysts expect the oil demand to decline with rising cases of COVID-19 because countries may…
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