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Top Oil Traders Predict Higher Prices This Year as Demand Grows

  • Vitol CEO predicts crude will climb to $78 a barrel this year
  • Trafigura anticipates decade-long surge in commodity prices
Updated on

The world’s largest independent commodity traders see oil prices rising further this year as demand continues to grow and supply remains constrained.

Yet as top executives from Vitol Group, Trafigura Group and Glencore Plc agreed on the direction of the crude market, they also differed over the size and duration of the rally.