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Oil Prices Will Hit $100 And Stay There – Vitol CEO

Started by forex4you, Feb 21, 2022, 05:14 pm

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Feb 21, 2022, 05:14 pm
Oil Prices Will Hit $100 And Stay There - Vitol CEO

Oil prices have higher to go, and they will stay there for an extended period of time, says the chief executive of Vitol, Russell Hardy. "The 100 million-barrel number is probably going to be exceeded this year," Hardy told Bloomberg, adding, "Demand is going to surge in the second half." According to him, demand for crude this year could surpass 100 million barrels daily. Like many others, Vitol's chief executive noted that this imbalance on global oil markets is fueling higher inflation and thus threatening...


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