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`Oil price will stay under $50 in medium term`
26 May 2016
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Oil price will stay under $50 in the medium term, Executive Director of SOFAZ Shahmar Movsumov said in his interview to The Business Year magazine.
Movsumov said it is difficult to precisely forecast the price level: “However, recent trends, including the return of Iranian oil to the market, make us to believe that the price will stay under $50 per barrel in the medium term”.
