Oil output may increase by early 2022 if inventory drawdowns persist, says ANZ strategist
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Oil output may increase by early 2022 if inventory drawdowns persist, says ANZ strategist

Daniel Hynes of ANZ says the oil market is tight and is forecasting relatively strong inventory drawdowns in the second half of 2021. If we continue to see strong drawdowns, there may be an increase in oil output later this year or into early 2022, he adds.
02:21
Thu, Aug 12 20214:37 AM EDT