# Reuters Column: Oil prices no longer especially cheap after strong rally - John Kemp - CTRM Center

> Reuters columnist John Kemp argues that Brent near $40 is not especially cheap by historical inflation-adjusted standards. He says the rally since April reflects expectations of rebounding consumption and continued OPEC+ and shale restraint.

- Date: 2020-06-19 · published 2020-06-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52795-reuters-column-oil-prices-no-longer-especially-cheap-after-strong-rally-john
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The view that prices may have limited further upside, with risks now balanced, suggests crude may stay range-bound, affecting energy costs for feed buyers.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- ctrmcenter.com: https://www.ctrmcenter.com/news/commodity-prices/reuters-column-oil-prices-no-longer-especially-cheap-after-strong-rally-kem/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.