Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts
Katya Naidu, Business Insider India
May 22, 2023
Who was cited:
Dr Fereidun Fesharaki, Chairman - FGE
Crude oil is likely to trade with an upward momentum after oil cartel OPEC+ decided to extend its production cuts through to 2024. Analysts who track the black gold prices are now predicting that Brent crude prices may hit $100 per barrel by the time 2023 ends.