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    World Bank Predicts $55 Per Barrel of Oil This Year

    By hellenicshippingnews.. An annual forecast for industrial commodities is predicting an average price of $55 for a barrel of oil in 2017, increasing to $60 the following year, the World Bank said in a report. “Rising oil prices, supported by production cutbacks by Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC states, will allow [oil] markets … Read full story ›

    Source:: Hellenic shipping news Oil