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Tightening supply likely to drive oil above $100

  • Robert Hague
  • Aug 31, 2023
  • 1 min read

Updated: Sep 18, 2023



Oil prices could be on track to hit $100 and even $120 per barrel in the coming months despite the weakness in China’s economy, market experts predicted as they expect the world’s two largest producers, Saudi Arabia and Russia, to extend voluntary output cuts.


 
 
 

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