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US Govt Reportedly Views US$100/ Barrel & Above as 'Baseline' for Oil Prices
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The US government views oil prices of US$100 per barrel and above as a 'baseline', but does not rule out the possibility that oil prices could rise to US$200 per barrel, according to US media Politico. US President Donald Trump has obtained information on potential oil price trends from the Treasury Department and major energy market participants, the report quoted sources as saying. An industry representative described the current situation as an 'all hands on deck mode'. Another sources indicated that the US government is attempting to devise all possible measures to reduce oil prices. A White House spokesperson denied the above report. Auto-translated by AI AASTOCKS Financial News |
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