Bullish Oil News Offset By New Lockdowns In India

Oil demand is finally bouncing back but a new COVID spike in India could threaten the rebound.For more great energy content, make sure you subscribe to the Oilprice youtube channel for breaking news and analysis.Friday, April 16th, 2021Oil prices held on at the end of the week, set to close out mostly flat from a week earlier. Oil prices are trapped between horrific downside risks, mostly in India, offset by growing optimism in the U.S. and to a lesser extent in Europe. India’s oil demand in doubt. India posted several days of record-setting…