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Crude oil price
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<blockquote data-quote="Frank-the-Wool" data-source="post: 7434173" data-attributes="member: 699"><p>Very unlikely it will rise much more as the pound is now very strong against the dollar. </p><p>Many economies are not in a good shape and it is still unlikely that large scale air travel will take off very quickly.</p><p>It will be tempting for many oil producing countries to turn the taps back on if it rises much more. </p><p>I have a neighbour who is an oil and energy specialist and he has been saying that it is unlikely it will stay above $60 for very long. It is $61 today and May Brent crude is forecast at $64. </p><p>Much of the spike has been caused by the extreme weather in America.</p><p></p><p>However it is looking possible that inflation may be starting to creep back in!</p></blockquote><p></p>
[QUOTE="Frank-the-Wool, post: 7434173, member: 699"] Very unlikely it will rise much more as the pound is now very strong against the dollar. Many economies are not in a good shape and it is still unlikely that large scale air travel will take off very quickly. It will be tempting for many oil producing countries to turn the taps back on if it rises much more. I have a neighbour who is an oil and energy specialist and he has been saying that it is unlikely it will stay above $60 for very long. It is $61 today and May Brent crude is forecast at $64. Much of the spike has been caused by the extreme weather in America. However it is looking possible that inflation may be starting to creep back in! [/QUOTE]
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