Emergencies caused international oil prices to rise slightly

Global oil demand remained strong last week (week ended January 21), with the UAE being at risk from the Houthi attack in Yemen and the fire and explosion of a Turkish crude oil pipeline
.
Affected by these factors, international oil prices rose slightly throughout the week, WTI oil prices rose 1.
6%, Brent oil prices rose 2.
1%, the fifth consecutive week of gains
.
On the 21st, WTI oil prices closed at $85.
14 / barrel, and Brent oil prices closed at 87.
89 US dollars / barrel
.

Institutions are generally optimistic about the demand side
.
The International Energy Agency (IEA) said on January 19 that demand remained firm
despite the rapid spread of the Omicron variant.
The IEA raised its global oil demand forecast for this year by 200,000 b/d
.
OPEC's January 18 oil market monthly report predicts that the global oil market will continue to be well supported
by strong demand this year.
On the supply side, the United Arab Emirates, OPEC's third-largest oil producer, was hit by Yemen's Houthi armed forces on January 17, and fuel tanker trucks exploded, raising concerns
about supply disruptions.
On 18 January, a fire broke out in the Iraq-Turkey pipeline, causing a brief disruption
in supplies.
International oil prices rose to their highest level
since October 2014 on January 19.

On the whole, both supply and demand support oil prices, and the bearish factors are relatively weak, and there are still opportunities
for further shocks and higher oil prices.
Goldman Sachs, BNP Paribas and others raised their oil price forecasts
sharply.
Goldman Sachs raised its Brent spot price forecast for the third and fourth quarters of this year by $20 per barrel to $100 per barrel
.