| Crude oil prices may rise faster than expected because surging domestic demand in OPEC nations, boosted by subsidies, will soak up supply, according to Deutsche Bank AG.
Last month, Nigerian President Goodluck Jonathan’s decision to remove fuel subsidies triggered violent protests, and a week- long strike by labor unions, highlighting the difficulty of cutting allowances for other nations in the Organization of Petroleum Exporting Countries, said Mark Lewis, a Paris-based managing director at the bank...............................................Full Article: Source
|