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- Oil demand could hit record highs later this year, according to Vitol CEO Russell Hardy.
- That could push prices back up to $100 a barrel, especially with crude inventories likely to tighten further.
- "The prospect of higher prices in the second half of the year, in the sort of $90-$100 range, is a real possibility," Hardy said.
Global demand for crude oil could hit record highs this year – potentially driving prices back up to $100 a barrel, according to Vitol's chief executive officer.