Higher for Longer Now in Play for Oil, Analyst Schork Says

Stephen Schork expects higher oil prices through the rest of the year as U.S. demand rises into peak driving season. The call is supportive for energy and fuel markets, with gasoline and crude likely to benefit from seasonal consumption strength. The article is commentary rather than a policy or supply shock, so the broader market impact should be limited.

Analysis

Stephen Schork expects higher oil prices through the rest of the year as U.S. demand rises into peak driving season. The call is supportive for energy and fuel markets, with gasoline and crude likely to benefit from seasonal consumption strength. The article is commentary rather than a policy or supply shock, so the broader market impact should be limited.