Oil is on track for its best month ever

Oil is on track for its best month ever

Oil came under pressure on Friday, the last trading day of month, but it's still on pace to post its best month in history as an uptick in demand as well as record supply cuts have pushed prices higher.. But experts are quick to note that the surge in prices follows the steepest downturn on record, and that oil still has a ways to go before it regains old highs.. "It doesn't feel like it was oil's best month ever," said Regina Mayor, KPMG's global head of energy. ". Mayor, who is based in Houston, said the market is more positive than those who are on the ground in oil country feel. ". Waiting for the next OPEC+ meeting, the market is also comfortable in a relative calmness," said Bjornar Tonhaugen, Rystad's head of oil markets..