Local

Why the oil price spike will run out of fuel

Why the oil price spike will run out of fuel

Brent crude rose above US$75 a barrel last Thursday for the first time this year. That’s up from US$51 at the start of 2019, a 47 per cent rise in less than four months. Is oil heading, once again, above US$100 a barrel — where it was in the run up to the 20…