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Crude Oil Price

Texas crude oil (WTI) prices fell during the opening of Asian markets on Friday, currently trading around $81.00 a barrel and appear poised to post strong gains for thesecond straight week and rise further to record.
Data released Thursday by the Energy Information Administration showed larger-than-expected declines in U.S. crude inventories and reaffirmed forecasts for market tightening in the second half of this year. This is coupled with concerns that a wider conflict in the Middle East will disrupt energy supplies in areas where many major producers are located. This will push oil prices higher.

Dr. Kamaran Qader Yaqub,
Financial Consultant at Investment Spot company. 

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