Oil prices to be $70-$80 in coming months, says Opec

15 April 2010

A new report by Opec predicts that oil prices are likely to trade between $70 and $80 a barrel in coming months, supported by improving economic and oil market conditions. 'Current conditions in the world economy and the very comfortable outlook for oil market fundamentals are likely to remain supportive for prices to continue to move within this range ($70-$80) over the coming months,' the report said.

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