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Bull case scenario for oil prices category
May 23, 2018

Bull case scenario for oil prices

Oil prices have skyrocketed to $80/barrel amidst all the political drama and now, $100/barrel doesn’t look like a distant future. A number of reasons which can be attributed to this sudden spike are as follows - the US pulling out of the nuclear deal, re-introduction of sanctions, the Venezuelan economic crisis and the OPEC-led pact to cut supplies. We are looking at a bull case scenario for oil.

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