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Oil Demand: Omicron & Inflation Impact

"The pandemic and inflation continue to be the overwhelming issues in the energy markets in 2021," says Ellen Wald. She believes that air travel has increased but international travel continues to be impacted. On the other hand, Stewart Glickman sees WTI averaging in the $75 per barrel range in 2022. "High inflation has tended to yield outperformance by the energy sector," he says.

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