Oil surges near $67 a barrel as traders say price could top $80

Brent Oil jumped towards $67 a barrel Tuesday with investment banks and traders predicting the market will tighten further and push prices higher. Futures in New York jumped 1.6% on Tuesday after climbing more than 4% in the previous session. The market is heading toward what could be the tightest quarter since at least 2000

Source: Business Day

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