CRUDE OIL NEWS UPDATE BY FORTUNE

CRUDE OIL NEWS UPDATE BY FORTUNE

Crude Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record U.S. production growth and relatively flat global demand.But the imminent return of U.S. sanctions on Iran and bottlenecks keeping U.S. oil from getting to market have fueled a rally that has taken benchmark oil prices to four-year highs.

 

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