Due to the lack of supply from the OPEC and the US' production slowdown and the Russian invasion of Ukraine, the prices of gas have increased significantly.
In the next couple of weeks, the prices of gas are expected to increase by 5-10%. This will continue to increase throughout the summer of 2022. China's demand for crude oil is expected to rise as the Covid Lockdowns come to an end.
Crude Oil Prices are likely to remain above $115 for the rest of the year.