Oil Seen by Crescent Petroleum Hitting $60 This Year on Demand
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Crescent Petroleum Co., an oil and natural gas producer in Egypt and Iraq, expects crude prices to improve this year as supply becomes more in line with demand.
The U.K.’s decision to leave the European Union won’t have a lasting effect on crude prices and London will remain a center for international oil and gas companies, Chief Executive Officer Majid Jafar said in an interview in Dubai on Sunday. Oil fell