Can Oil Stay Above $70? Eni's Chief Doesn't Think So
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Can oil prices be sustained above $70 a barrel? Eni SpA chief Claudio Descalzi thinks not.
“The fundamentals are leading now,” Descalzi said in an interview in London. While stockpiles will shrink further, demand will be steady, and $70 crude will only last for the next “couple of months,” he said, forecasting an average of $60 to $65 this year.