Oil price keeps rising – will it come back to earth with a bump?
by Guardian Staff from on (#3QM60)
Changes in supply and demand mean that current highs will be corrected next year
The big story in the financial markets in 2018 has been the sharp rise in oil prices, which last week hit $80 a barrel for the first time in four years.
But if oil analysts are right and the cost of crude is set to carry on rising, hitting $100 a barrel over the coming months, the big story of 2019 is going to be how oil came down to earth with a bump.
US shale oil is highly profitable at $80 a barrel, so production is bound to expand, and increase supply
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