Demand for crude oil has increased worldwide, with prices rising as high as $US120 a barrel last year following the Russian/Ukraine situation. On AM, Portfolio Manager Felix Fok talks through the current supply and demand issues, including OPEC’s supply control, increased air travel, and China’s import of crude oil up by 12%. He looks into the flow-on effect for interest and mortgage rates in New Zealand.
Milford on AM 21 September 2023
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