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News : Oil price exceeds $75 per barrel

Oil prices rose by 0.08%-0.29%

As of June 22 (07:46, Moscow time), Brent Crude futures for August delivery rose by 0.29% to $75.12 a barrel.
Light Sweet Crude (WTI) futures for August delivery on the New York Mercantile Exchange rose by 0.1% to $73.19 a barrel, for July delivery – by 0.08% to $73.12 a barrel.

Pump Jacks are seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson

Brent Crude futures have exceeded $75 for the first time since April 2019.
From $35 per barrel to $130 per barrel—this is the range for oil prices in the next few years that we could see, according to a commodity trading group. And it will all depend on what peaks first: demand or investment in new production. “You could see spikes to even higher than $100 a barrel, even $130, and you could also see it go down to $35 a barrel for periods of time going forward,” William Reed II, chief executive of Castleton Commodities International, said at the FT Global Commodities Summit this week, as quoted by Reuters. “The question is what happens first. Peak demand or peak investment?”

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