| From Business24-7.ae: Oil prices have broken past the psychological $80 (Dh293) per barrel barrier and are unlikely to weaken because the market is dominated by demand, following forecasts about stronger global recovery, a key energy centre has said.
The London-based Centre for Global Energy Studies (CGES), which is managed by former Saudi Oil Minister Sheikh Ahmed Al Yamani, said the market was bolstered by recent statements by the 12-member Organisation of Petroleum Exporting Countries (Opec) that it could lift output when prices surpass $100........................................Full Article: Source
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