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Whispers of $100 oil return as crude shakes off COVID’s clasp

June 12, 2021 by

Azerbaijan’s Socar Trading predicts that global benchmark Brent could hit triple digits in the next 18 to 24 months, and Bank of America sees potential spikes above $100 over the next few years on improving fundamentals and global stimulus. Speculators are also getting in on the action, increasing bets in the options market that oil will reach the vaunted level by December 2022.

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