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Unsustainably high oil prices to fall back to $55
Stocks
Unsustainably high oil prices to fall back to $55
Oil prices are unsustainably high and have stretched valuations but crude prices will eventually retreat by up to 20 per cent to $55 a barrel.
Oil prices to fall back to US$55
Stocks
Oil prices to fall back to US$55
The June 22 OPEC meeting did nothing to change analysts' long-term outlook for global oil prices. We still forecast a 2022 crude price of US$55 per...