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All eyes on whether Opec will raise production

IEA sees demand of 95m barrels a day; main driver of oil price in near future expected to be vaccine-related news

Published Thu, Nov 26, 2020 · 09:50 PM

London

MANY investors and speculators who have boosted crude oil prices and energy shares have largely ignored sizeable global oil inventories and a potential rise in supplies.

The key will be the reaction of the Organisation of the Petroleum Exporting Countries (Opec) at their meeting at the end of November.

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