Oil prices are up but the taps aren’t flowing like they should be

Oil prices are up but the taps aren’t flowing like they should be
·3 min read

The price of oil is at a seven-year high, above $88 dollars per barrel. Demand is rising and may surpass pre-pandemic levels by the end of 2022, the International Energy Agency forecast last week, as the global economy seems not to have been stalled by omicron. At the beginning of the pandemic, when travel seized up and oil demand evaporated, the price of oil crashed below zero for the first time.

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