Oil Could Fall to $90 If Inflation Persists ...Middle East

Crude oil prices could fall to $90 per barrel if the economies of the world's two biggest consumers continue struggling with growth, Bharat Petroleum's chairman told the Economic Times. "Prices can touch $90 in two months if the US continues with inflation and low growth and China is unable to find fixes for its economic troubles. Economic woes in these two countries can affect demand," Arun Kumar said. At the same time, however, Kumar suggested that oil demand could find support from record-high natural gas prices, which are prompting industrial…

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