Big Oil Backs $100 Crude Narrative ...Middle East

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Big Oil Backs $100 Crude Narrative
Three Big Oil chief executives have joined analysts and traders in expecting Brent crude to reach $100 per barrel, Bloomberg reports. Exxon’s Darren Woods, Patrick Pouyanne of TotalEnergies, and Shell’s Ben van Beurden said oil prices could continue rising because of the tightness of supply brought about by lower investments in production. They added, however, that market volatility could also pressure prices. Lack of sufficient investments was “going to exacerbate supply and demand tightness as the economies pick back up again,…

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