Electricity and gas prices have been inflation drivers. Here's why their prices could spike again, and then fall. Oil supply is likely to rise from Iran, Iraq, Venezuela. While Chinese oil imports dropped, and demand could weaken again. Plus, Chinese oil giant Sinopec,$上石化(SHIIY.US)$thinks oil demand will peak this year, amid surging EV demand. But, oil prices could lift in the short term, if...
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The tug of war with oil and electricity prices - their rise and likely fall
Oil supply is likely to rise from Iran, Iraq, Venezuela. While Chinese oil imports dropped, and demand could weaken again. Plus, Chinese oil giant Sinopec, $上石化(SHIIY.US)$ thinks oil demand will peak this year, amid surging EV demand.
But, oil prices could lift in the short term, if...
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