Global Analysis from the European Perspective. Preparing for the world of tomorrow

Oil rises two percent as Saudi Arabia aims at $100/bbl, U.S. stockpiles fall

Since 2015, when oil hovered around 35 and 40 dollars a barrel, the Gefira team has explained to their paid subscribers that oil will be back at 100 dollars by 2020.

Oil futures jumped more than 2 percent on Wednesday on a decline in U.S. crude inventories and after sources signaled top exporter Saudi Arabia wants to see the crude price closer to $100 a barrel. Source Reuters

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