Prices won't rise much more, says world's top oil trader
Vitol's forecast coincides with a similar view from Goldman Sachs
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OIL prices won't rise much further over the next year and a half as demand growth slows and refiners comfortably meet petrol consumption, according to the world's largest independent oil-trading house.
"I cannot see the market really roaring ahead," said Vitol Group of Cos chief executive officer Ian Taylor. "We have a lot of oil in the system and it will take us considerable time to work that off."
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