Oil prices have good reason to start the week with gains, according to Rystad Energy. Even though the pandemic is not yet slowing down, oil prices have good reason to start the week with gains, as traders capitalize on a bullish cocktail of news on Monday morning. That’s what Rystad Energy’s head of oil markets, Bjornar Tonhaugen, said in a statement sent to Rigzone on Monday. In the statement, Tonhaugen noted that U.S. President Joe Biden seems to be pushing for a quick approval of his proposed $1.9 trillion pandemic relief package, which he added was a development interpreted by the market as a clear indication that the new U.S. administration aims to kick-start an economic recovery. “The quicker people, businesses and industry receive government support, the quicker spending will increase from current low levels,” Tonhaugen stated. “Even if the distribution and application of Covid-19 vaccines is target number […]