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Oil at $70/barrel for first time in 3 years as production cuts by Opec

business-standard.com
Oil at $70/barrel for first time in 3 years as production cuts by Opec

Rising prices are putting US production on track to rival both Saudi Arabia and Russia, with output likely to exceed 10 million barrels a day as soon as next month and top 11 million before the end of 2019, according to Energy Information Administration forecasts. “Seventy dollars is too much,” said