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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.

The question is whether there…

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