{"id":221819,"date":"2021-03-14T10:31:04","date_gmt":"2021-03-14T14:31:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=221819"},"modified":"2021-03-14T10:31:11","modified_gmt":"2021-03-14T14:31:11","slug":"analysts-expect-crude-oil-prices-to-keep-rising-throughout-the-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/analysts-expect-crude-oil-prices-to-keep-rising-throughout-the-year\/","title":{"rendered":"Analysts expect crude oil prices to keep rising throughout the year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fanalysts-expect-crude-oil-prices-to-keep-rising-throughout-the-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=221819&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2386526\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-2386526\" class=\"wp-caption-text\">MARTINEZ, CALIFORNIA \u2013 MARCH 03: Gas prices are displayed at a Speedway gas station on March 03, 2021 in Martinez, California. (Photo by Justin Sullivan\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 7:30 AM PT \u2013 Sunday, March 14, 2021<\/h5>\n<p>Crude oil prices are set to reach levels not seen since 2014. According to recent <a href=\"https:\/\/www.reporternews.com\/story\/money\/business\/local\/2021\/03\/13\/alex-mills-crude-oil-and-gasoline-prices-rise-demand-increases\/4654966001\/\">reports<\/a>, a barrel of crude oil now runs around $65 with analysts saying they could see that number rise above $100 in the next six to 12 months.<\/p>\n<p>In the meantime, U.S. gas prices have risen more than 20 percent between January and March. Analysts said <a href=\"https:\/\/www.opec.org\/opec_web\/en\/\">OPEC<\/a> is not likely to increase oil production until they reach a five year oil supply average, which could happen sometime in the summer.<\/p>\n<div id=\"attachment_2386527\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2386527\" loading=\"lazy\" class=\"wp-image-2386527 size-full\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-823.jpeg\" alt=\"MARTINEZ, CALIFORNIA - MARCH 03: Gas prices are displayed at a 7-11 gas station across from the Shell refinery on March 03, 2021 in Martinez, California. Gas prices have increased across the United States to a national average of $2.72 per gallon, an increase of 30 cents from one month ago. Gas in California has an average price of $3.68 per gallon, the highest in the nation. (Photo by Justin Sullivan\/Getty Images)\" width=\"1024\" height=\"673\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-823.jpeg 1024w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-824.jpeg 320w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-825.jpeg 665w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-826.jpeg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-2386527\" class=\"wp-caption-text\">MARTINEZ, CALIFORNIA \u2013 MARCH 03: Gas prices are displayed at a 7-11 gas station across from the Shell refinery on March 03, 2021 in Martinez, California.&nbsp; (Photo by Justin Sullivan\/Getty Images)<\/p>\n<\/div>\n<p>\u201cWe don\u2019t see any supply increase until October, which means the price of oil can run pretty handily from here,\u201d Nancy Tengler of Laffer Tengler Investment. \u201cOur expectations are somewhere around $80 a barrel in the summer, so, that\u2019s bullish for most of the oil stocks.\u201d<\/p>\n<p>OPEC members agreed to cut production after crude oil prices dropped dramatically during 2020. This was driving largely by a lack of demand during the economic drop-off.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/d-c-residents-protest-capitol-fencing\/\">D.C. Residents Protest Capitol Fencing<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>MARTINEZ, CALIFORNIA \u2013 MARCH 03: Gas prices are displayed at a Speedway gas station on March 03, 2021 in Martinez, California. (Photo by Justin Sullivan\/Getty Images) OAN NewsroomUPDATED 7:30 &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2310512,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-823.jpeg","fifu_image_alt":"Analysts expect crude oil prices to keep rising throughout the year","footnotes":""},"categories":[],"tags":[],"class_list":["post-221819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-823.jpeg","fifu_image_alt":"Analysts expect crude oil prices to keep rising throughout the year","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/221819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=221819"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/221819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2310512"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=221819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=221819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=221819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}