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$100 crude oil next year, bank forecasts
Crude-oil prices will hit $80 a barrel by year’s end and may reach $100 a barrel next year, a Canadian investment bank report said Wednesday.
“Soaring oil demand” will outpace global supply growth, the CIBC World Markets report said.
Oil closed above $75 a barrel Wednesday for the first time in almost 11 months.
The trend points [...]
