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Vitol CEO sees oil priced between $40 - $60 for a decade - Bloomberg

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In an interview with Bloomberg, the world’s largest independent oil-trading house, Vitol Group BV’s Chief Executive Officer Ian Taylor noted that oil prices are expected to remain between $ 40-$ 60 for ten years amid China growth concerns and increasing US shale output.

    The oil trading house trades around 5mbpd in crude and refined products.
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