Oil price has risen to $71.28 per barrel in the international market.
This is coming on the heels of Thursday’s meeting where the Organisation of Petroleum Exporting Countries (OPEC) and other members resisted the pressure to increase production.
Norbert Rücker, an analyst at Swiss bank Julius Baer, on Wednesday, revealed that oil prices might push above $70 before mid-year.
“We see oil prices pushing temporarily above $70 by mid-year”
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