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Rough Ride Ahead For Crude Oil

SYED RASHID HUSAIN (May 21, 2018) – Crude markets are entering an absorbing phase. Prices continue to hover around $80 a barrel, amid indications that prices could soar further. Yet, concerns about oil markets persist. Eminent energy analyst Daniel Yergin, once described by the then Aramco chief Khaled Al-Faleh and the current Saudi energy czar, as the rock star of the energy world, is of the view that oil prices may continue to rally past its 3½-year highs, all the way to $85 a barrel, as soon as July. “WeRead More