Crude oil predicted to hit $70 next year

Crude oil prices will rise to $70 a barrel next year, a leading consultancy predicts.

Crude oil predicted to hit $70 next year

Crude oil prices will rise to $70 a barrel next year, a leading consultancy predicts.

Capital Economics in London said it has increased its forecast to $70 a barrel from $65 as global oil supplies will be constrained even as the world economy picks up in 2020 as central banks keep interest rates low.

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