EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories
Green Car Congress
NOVEMBER 10, 2021
The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). US crude oil inventories were 440.3 million barrels by the end of June 2020.
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