Oil Prices Rally On COVID Optimism

Oil Prices Rally On COVID Optimism

OilPrice.com

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Oil prices got a boost on Tuesday on fresh hopes of progress in coronavirus vaccine trials, though the oil industry still has a long road ahead before seeing a full recoveryChart of the Week-    U.S. LNG exports averaged 8 bcf/d in January 2020. By July, exports fell to 3.1 bcf/d. -    The last time U.S. gas exports were as low as July levels was in May 2018, back when export capacity was about one-third of current capacity.-    The week of July 12-18 was particularly low – averaging just 2 bcf/d.…

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