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Oil prices could rise to $85 a barrel by July, warns energy expert Dan Yergin

May 16, 2018

Oil prices may continue to rally past three-and-a-half year highs and all the way to $85 a barrel as soon as July, according to Pulitzer Prize-winning author and closely followed energy analyst Dan Yergin.

Prices in the oil market have been steadily rising since last year, fueled by strong demand and output caps imposed by major producers aimed at draining a global crude glut. More recently, crude futures have rallied faster than expected as geopolitical tensions rattle the market.

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