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Crude oil to average $60 per barrel in 2026 – World Bank
The price increase in 2027, according to the report, reflects a projected rebalancing of the oil market, as low prices in 2026 curtail excess supply. These forecasts assume no major escalation in armed conflicts, weak demand growth relative to the 2015-19 average, a well-supplied oil market and stable OPEC+ production.
Source: www.myjoyonline.com
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