Crude prices rise to new highs due to supply deficit


SUBMITTED BY: Sofis91

DATE: Oct. 19, 2021, 3:07 p.m.

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  1. 10.15.2021
  2. On Friday, oil prices hit new highs due to estimates of a shortfall in supplies over the next few months and as high values of gas and coal caused a shift towards crude products.
  3. The strength of equity markets on both sides of the Atlantic, which are often followed by oil prices, also provided a boost.

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