However, he said the market sentiment was somewhat dampened as oil prices slide from the USD123 per barrel during the last SOGCE in June, to close at USD81.50 a barrel by the end of last the year.“In the past it has been said that oil price is a proxy of world’s politics. With the Ukraine War still ongoing and US-China relationship seems to be at its lowest level, the same can’t be said anymore. The reality is that there are more factors which influence the price of oil today.
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