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Kjus bucks oil consensus by calling for $70 by year’s end
Opec is going to do 'whatever it takes' to push the oil market into backwardation, DNB says
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Found an interesting story?
Kjus bucks oil consensus by calling for $70 by year’s end
Opec is going to do 'whatever it takes' to push the oil market into backwardation, DNB says
Oil prices will reach about $70 per barrel by the fourth quarter of this year, predicts DNB’s oil expert.
Such a price would mean a 44% jump in a matter of months, as Brent was at $48.47 per barrel and West Texas Intermediate (WTI) at $46.26 this week.
Even $60 per barrel would ratchet up expectations for offshore support vessels (OSVs) but, as the single-most important driver for the sector, oil prices at $70 could radically redraw the landscape
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