The sustained rebound in demand and other factors supported the rise in oil prices. New york light futures price climbed to a new high since June 20, 200214, and Brent crude oil futures price was also at a high point in the past three years. Looking forward to 2022, the market's bullish sentiment towards oil prices is still strong, but it is also accompanied by a high degree of uncertainty.
Attention.
Environmental protection has suppressed oil supply, such as shale oil in the United States. Vigorously developing new energy sources in various countries will also reduce investment in traditional energy sources, objectively causing long-term supply shortages, thus raising oil prices. Moreover, to vigorously develop new energy, the price of traditional energy needs to be higher.