Lundin Says Potential Rebound to $100 Crude to Hurt Oil Industry

  • Price of $50 to $80 a barrel is better, Lukas Lundin says
  • Lack of investment will push crude prices higher: Lundin

Lukas Lundin

Photographer: Darryl Dyck/Bloomberg

Crude could return to $100 a barrel because the two-year market downturn has curbed investment, according to Lukas Lundin, a member of Lundin Petroleum AB’s board and chairman of Lundin Mining Corp.

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