12.05. Fresh trading analysis: US Department of Energy forecasts

Wednesday, May 12th, today’s news—the US Department of Energy maintains forecasts for liquid hydrocarbons demand in 2021 and 2022. According to EIA estimates, 96.2 million b/d of oil and liquid hydrocarbons was consumed in April worldwide, which is 15.8 million more than in April 2020. "We project global oil and liquid fuel consumption to average 97.7 million b/d for the full year of 2021, up 5.4 million b/d over 2020." The price of Brent oil is $68.98 per barrel, WTI—$68.98. EUR/USD is at 1.2126, GBP/USD—1.4127, gold is $1.834.25 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.