Oil prices will rise in the second half of the year due to short supply

According to Oil Monster news on May 31: Supported by the bright prospect of fuel demand growth in the next quarter, oil prices in Asia rose in early trading on Monday, and investors are looking forward to supply guidance at the OPEC+ meeting this week.

At 04:24 GMT, August Brent crude oil futures prices rose 44 cents to 69.

ANZ analysts said: "We expect demand in the third and fourth quarters to exceed the supply of 650,000 barrels/day and 950,000 barrels/day, respectively.

The Organization of Petroleum Exporting Countries and its allies, including Russia, will meet on Tuesday.

OPEC+ is expected to stick to its plan to gradually ease supply cuts until July.

In addition, the U.

Feng Juan excerpted and translated from Oil Monster

The original text is as follows:

Oil Prices Climb as Demand to Outstrip Supply in H2

Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting this week for supply guidance.

　　Brent crude futures for August rose 44 cents, or 0.

　　Iran has been in talks with world powers since April working on steps that Tehran and Washington must take on sanctions and nuclear activities to return to full compliance with the 2015 nuclear pact.

　　"We see demand outstripping supply in the order of 650,000 barrels per day and 950,000 bpd in Q3 and Q4 respectively," ANZ analysts said.

　　The Organization of the Petroleum Exporting Countries and their allies including Russia will meet on Tuesday.

　　The group known as OPEC+ is expected to stay the course on its plans to gradually ease supply cuts until July.

　　Separately, crude output in the United States soared 14.