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Why $80 could be 'new normal' for oil: Advisor - CNBC
CNBC | Why $80 could be 'new normal' for oil: Advisor CNBC The "new normal" for U.S. oil prices could be as much as double the current $40 per barrel, but don't expect $65 to $80 crude until around 2018, long-time industry advisor Tom Petrie said Wednesday. "We overshot on the downside, when we penetrated $30 ... Oil Turns Higher as US Production Slows Why the oil market didn't need the Doha freeze after all In riposte to Riyadh, Russia says ready to ramp up oil output |
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