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What is Oil Market Outlook: Prices & Trends about?

- A price level above $110 per barrel seems unsupported by supply and demand fundamentals, as uncertainties remain around global economic growth, especially in Europe and China. Saudi Arabia and Russia have been producing near record levels while inventories remain comfortable. - Support for prices comes from rising consumption in emerging markets and supply disruptions exceeding 1 million barrels per day from issues affecting Iran, Sudan, Syria, Nigeria and the North Sea. - Beyond fundamentals, the oil

Author

Tushar Lanjekar

Language

EN