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Oil prices expected to fall from present highs as panic subsides

But they could surge again if a full-scale Middle East conflict breaks out or if Iran renews its nuclear ambitions

Oil prices began to rise in recent months and are well above the lows of US$30 a barrel in January 2016, mainly because the Organization of Petroleum Exporting Countries has cut output.


CRUDE oil prices are expected to decline from their highest levels since November 2014, despite worries about US sanctions on Iran and a potential conflict with Israel.

Traders cite several reasons. First, the US Treasury has stated that sanctions on oil and other products...

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