• Omicron hasn't had much impact on mobility and oil demand – Goldman Sachs

Market news

17 December 2021

Omicron hasn't had much impact on mobility and oil demand – Goldman Sachs

Analysts at Goldman Sachs offer their take on the impact of the new Omicron covid variant on global oil demand.

Key quotes

“Omicron hasn't had much impact on mobility and oil demand.”

“Expect strong oil demand next year from rising capex and infrastructure construction.”

“Average oil demand to hit record highs in 2022 and 2023.”

  • WTI Price Analysis: Bulls seek clear break of $72.00

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.