New York crude oil jumped again to a seven-year high of 82 82

Impact of the Global Energy Crisis

Bank of America Global Research's June forecast of crude prices reaching 100 100 is coming true

MUMBAI: International crude oil prices rose by more than ડો 2 a year today on the back of a sharp rise in demand for power sources, including fuel, as industrial and economic activity in countries emerging from the Corona epidemic erupted as a result of the crisis, including the power crisis in major global countries, including China. Reached new heights.

New York-based Nymex crude jumped more than ડો 2 to 82 82 today, reaching a seven-and-a-half-year high of 82 82.18. Brent crude jumped more than ડો 2 to 84 84.56 a barrel.

Fuel demand has been on the rise as crude oil producers OPEC have decided at a recent meeting to continue production growth despite lower-than-expected growth and a shortage of resources for power generation, including coal, worldwide.

As a result of supply restrictions by crude-producing countries, crude prices began to rise again, crossing the ન્ટ 84 level of Brent today, rising લર 2.17 to a high of .5 84.56.

Which has remained at a high level since October 2018. When the U.S. Texas Intermediate (WTI) rose લર 2.67, or 3.4 percent, to 82 82.18. Which has reached its highest level since the 2014 deadline. Late in the evening, WTI Nymex crude rose 1. 1.71 to 81 81.06 and Brent crude rose 45 1.45 to 83 83.84 a barrel.

Record growth in coal, gas and electricity prices has occurred in recent weeks on the back of widespread NGO shortages in Asia, Europe and the Americas. Even in India, power shortages in some states are beginning to result in a shortage of coal supply. The Chinese government, on the other hand, has ordered miners to increase coal production to curb rising power and electricity prices.

Meanwhile, in June 2021, Bank of America Global Research raised its Brent crude price target for the current year and next year, saying that in 2022, the supply and demand balance of oil will be disturbed and oil prices will reach સપાટી 100 per barrel. That prediction seems to be coming true.