Oil prices will rise as OPEC and Trump face off: analysts



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"Even in this context of a stronger dollar and potential destruction of demand, $ 100 a barrel is commonplace," said Stephen Brennock, an oil analyst at PVM Oil Associates, in a research note released Friday.

"Although we consider these predictions to be premature, one thing is clear: the rise in oil prices shows little sign of capitulation," he added.

The Brent International benchmark has traded around $ 82.03 on Friday, up about 0.38%, while the West Texas Intermediate (WTI) has remained unchanged at around 72 , $ 13.

Regarding 2019, Mr. Wang, of S & P Global Platt, said that OPEC producers were apparently reluctant to "open the floodgates" now because global oil demand is expected to be lower Next year.

OPEC provides that competitors not members of the OPEC, led by the United States, would increase their production by about 2.4 million barrels per day in 2016, while global oil demand would only increase by 1.5 million barrels per day. day.

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