OPEC’s New Chief Says Oil Above $100 a Barrel Was ‘Abnormal’

  • Oil above $100 was ‘unsustainable’ risk to economy: Barkindo
  • Rise in U.S. rigs unlikely to boost output or hurt price: OPEC

What Are the Main Factors Moving the Price of Oil?

Oil’s climb above $100 a barrel before prices crashed in 2014 was driven by “abnormal” conditions that couldn’t last, according to OPEC’s new Secretary-General.

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