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Barclays sees oil at $93
- Saudi Arabia: Saturday, August 12 - 2006 at 13:49
Barclays Capital has predicted that crude oil prices might reach $93 a barrel by 2015, reported Reuters. The bank has also raised its 2006 price forecast for US crude to $72.6 a barrel, up from $68. The bank said that poor supply from non Opec members and continued instability in the Middle East prompted the adjustments.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 12 - 2006 at 13:49 UAE local time (GMT+4)
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This article was updated on Thu Mar 08 2007.
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