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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

    Oct 7, 2015
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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.
    For more information, read our latest forex news.

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