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Analyst says oil prices 'will remain elevated for quite some time'
Published 2 months ago
Description
Energy analysts warn that oil and refined fuel prices will remain elevated for quite some time, driven by lingering geopolitical tensions, severe structural damage to maritime choke points, and a massive bottleneck in global refining capacity. Even though crude prices have dipped to around $76 to $83 per barrel amid rumors of peace talks, experts emphasize that consumer-facing energy costs will not drop quickly.
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