Crude oil prices hover around the $ 45 mark, but some analysts say oil may see a return to the $ 100 mark in the coming years amid stronger-than-expected global oil demand and turmoil among the Organization of the Petroleum Exporting Countries (OPEC) ...
“The demand for crude oil is growing around the world,” Pickering told Global News. "We are seeing expansion in large countries such as India's fastest growing economy." “It won't happen overnight,” he said. “You have to be patient with oil prices. They can still be tough, six or nine months, or even a year, but over the next few years they will grow. "
However, Benjamin Tal, deputy chief economist at CIBC World Markets, does not see oil above $ 60 in the near future. According to the International Energy Agency (IEA), which advises countries on energy policy, oil prices may start to climb by 2018, but they will remain flat during the first half of 2017.
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