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National Bank Predicts Oil Prices to Fall to $70 Per Barrel

Summary by The Astana Times
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – The Kazakh National Bank’s November monetary policy report predicts that oil prices would decrease to $70 per barrel in the medium term owing to a global oil market imbalance. Under the baseline scenario, it is expected that in 2024 oil prices will stabilize at nearly $80.3 per barrel on average per year. Photo credit: Shutterstock “The situation in the…
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