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Article on tag "IEA"

Continuing Oil Price Rally Leads to new Multi-Year Highs
Continuing Oil Price Rally Leads to new Multi-Year Highs
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Continuing Oil Price Rally Leads to new Multi-Year Highs

Crude oil prices continued to soar in the past week. The background to the oil price increases lies in the rising demand for oil combined with the ongoing economic recovery and fears of tight supply. The price surge in recent days was triggered by a drop in oil reserves reported by the US government on Wednesday.