Will Oil Continue To See Extreme Volatility? ...Middle East

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Will Oil Continue To See Extreme Volatility?
source : OILPRICE ( Middle East ) () 23
Last year saw some quite significant swings in oil prices, mostly driven by geopolitical events but also by China’s zero-Covid policy. This year appears to signal calmer waters for the world’s most traded commodities. On the surface. In a recent poll across industries, Reuters’ market columnist John Kemp found that the majority of respondents expected oil prices to average $90 per barrel in the period 2023 to 2027. He also said this year’s forecast average for Brent was $87 per barrel. Right now, Brent crude is trading at…

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