Will $100 Oil Finally Bring About Demand Destruction?
- Brent hit $90 per barrel last week and plenty of banks and oil majors now believe we will see $100 oil this year.
- If oil does continue to climb, demand growth will likely slow and central banks may hike interest rates more aggressively.
- Predictions of oil demand destruction at $80 never materialized and gasoline consumption in the U.S. isn’t slowing down, but that may soon change.
Article Written By: Tsvetana Paraskova
Original Article Posted on: Jan 31, 2022
Link to Original Article: https://oilprice.com/Energy/Energy-General/Will-100-Oil-Finally-Bring-About-Demand-Destruction.html