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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (19808)	7/6/2016 7:57:22 AM
From: Goose94	Read Replies (1) of 202402

Crude oil: Vitol sees oil prices remaining flat through 2017. The CEO of Vitol Group, the world’s largest independent oil-trading house, does not see oil prices rising much more than today’s levels for the next year and a half. “I cannot see the market really roaring ahead,” Vitol Group CEO Ian Taylor told Bloomberg TV. Taylor sees Brent only rising to about $60 per barrel by the end of next year. He sees weak demand, particularly from China, plus elevated storage levels of both crude oil and refined products. Meanwhile, the supply disruptions in places like Nigeria and Canada are likely temporary.

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