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Energy Expert Forecasts Oil May Hit $120
The prices of Brent crude oil rose in global markets to between $111 and $112 per barrel amid escalating concerns over oil supply security due to recurring tensions in the Middle East and attacks on maritime navigation and oil tankers. John Aqil, an oil and energy expert, pointed out that declining U.S. crude inventories increase the likelihood of the barrel reaching $120 soon if tensions continue, with expectations that there will be an increase in oil product prices in the upcoming period.
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