Commodity suppliers always boost their margins in a period of rising demand by adding new supplies very slowly. Typically, commodity suppliers earn most of their profits in any 4-5 year cycle during the 3-5 quarters when demand growth is the strongest. OPEC has announced that it has no plans to add to supply and is comfortable letting prices remain over $100/bbl. for an extended period. Brief price spikes to well over $100/bbl. are likely in this volatile market.
The ongoing price rise for
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