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Will oil hit $100? It already did in some markets
80% Informative
Nigerian crude Qua Iboe surpassed $ 100 a barrel on Monday , according to LSEG data.
Malaysian crude Tapis reached $ 101.30 last week , an analyst at Swedish bank SEB said.
Oil has risen to its highest level of 2023 as investors are focused on the prospect of a supply deficit in the fourth quarter .
Saudi Arabia and Russia are the biggest producers in the OPEC+ group.
VR Score
91
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