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Oil Moves and Buying the Dip
Bloomberg Surveillance
Analysis of Oil Prices Surpassing $100 Due to Emerging Markets' Demand Growth
The increased demand for oil from emerging markets, where populations are striving to improve living standards, is driving the oil prices higher. The demand growth is fueled by people experiencing things like flying for the first time, driving cars, or having electricity, all contributing to a significant rise in global oil demand. This demand surge, coupled with current supply constraints, makes it highly likely that oil prices will surpass $100 in the future.
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