Biden Regulatory Uncertainty, Tight Market Supporting High Oil Prices

Biden Regulatory Uncertainty, Tight Market Supporting High Oil Prices
The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, on Nov. 24, 2019. Angus Mordant/Reuters
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Crude oil and natural gas prices are off to a hot start this year, driven by strengthening global demand, tighter supplies, and regulatory uncertainty.

But some Wall Street institutions and the U.S. Energy Information Administration (EIA) are split on whether this momentum will be sustained throughout 2022.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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