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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price could rocket to $150, agency warns

Posted on 14 November 2011

The International Energy Agency (IEA) has warned oil could hit $150 a barrel in the coming years if investment slows in the Middle East.
North Sea Brent crude oil futures have averaged over $100 per barrel throughout 2011 as factors such as the Libyan conflict and the slowdown in the global economy exert short-term pressure on prices………………………………………..Full Article: Source


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