Financial Times/Tom Wilson/1-18-2023
“Global oil demand is set to rise to an all-time high in 2023 as China relaxes its Covid-19 restrictions in a move that may push crude prices higher in the second half of the year, according to the International Energy Agency.”
USAGOLD note: Should oil prices start higher, as some predict, it could bode well for the rest of the commodity complex, including precious metals, but undermine hoped-for restraint on monetary policy.
