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January 8, 2019

Dynamics of oil prices in 2019 will largely depend on OPEC+’s effectiveness in implementing cuts

Oil prices are likely to trade between $60 and $70 per barrel range by mid-2019, despite sharp economic slowdown, the Arab Petroleum Investments Corporation (APICORP) said in a new report. “A balanced market is consistent with a wide range of prices, and until the market starts...
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