OPEC predicts increased demand for oil

According to the Organization of Petroleum producing countries (Opec), in a little more than 20 years, global demand for oil will increase nearly 16 million barrels a day, compared to the current level. With this, demand is expected to grow to 111 million barrels per day.

The increased appetite for the "black gold" is the main reason of the OPEC actions coming joining forces in order to decrease production to enhance commodity prices. So, in case of increased demand and less oil on the market, I'm sure prices will jump. It's wait and see.

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