Crude continues rally as 2021 nears end, refined products futures strengthen

摘要

Crude oil and refined products futures continued to rally Dec. 30 amidthriving stock market indices and rising optimism that the omicronvariant surge will not disrupt oil demand as much as previouscoronavirus spikes.Despite record-high coronavirus cases in the US and other parts ofthe world, this has been another bullish week for oil futures, with crudeand product inventory levels falling and the US Centers for DiseaseControl and Prevention opting to cut in half the recommended isolationtime for individuals infected with coronavirus to five days from 10.