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Commodities Briefing - Categorized | Oil, Price Watch, Regulatory more

Oil prices could go up to $70 if Opec executes cuts

Posted on 06 March 2009

From Zawya.com: Opec could push up sagging oil prices to about $70 (Dh257) a barrel in 2010 but it must comply with agreed production cuts, a prominent Arab oil analyst said.

Nicolas Sarkis, Director of Paris-based Arab Petroleum Research Centre (APRC), said he believed the 12-nation Opec is serious about its bid to curb supplies to prop up prices that have crashed by more than $100 in a few months because of the global financial turmoil….. Full Article: Source


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