Demand for crude oil has increased worldwide, with prices rising as high as $US120 per barrel last year following the Russian war on Ukraine.
Milford Asset Management portfolio manager Felix Fok joined AM to talk through the current supply and demand issues including OPEC's supply control, increased air travel and China's import of crude oil being up by 12 percent - and the flow-on effect for interest and mortgage rates in New Zealand.
Watch the video above.
Article created in partnership with Milford.
