Oil prices at $100 a barrel look too high for global demand to sustain

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Gas pump

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Here's why oil prices have seen wild swings lately, clouding the outlook for inflation

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Oil refinery

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If the Israel-Hamas conflict expands, the global economy could weaken as inflationary pressure piles up, Mohamed El-Erian says

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Mohamed el-erian

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Gasoline prices are heading lower after Saudi Arabia pushed oil prices too high and crushed demand, analyst says

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gas pump prices cars

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Oil prices drop further as the global demand outlook turns murky

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Oil prices drop 6% as worries mount over demand destruction

Tech Insider : Economy
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Russia and Saudi Arabia have likely made close to $3 billion this quarter as OPEC+ production cuts push oil toward $100 a barrel

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king salman saudi arabia putin russia
Russian President Vladimir Putin, right, and Saudi Arabia's King Salman pose for a photo during a welcoming ceremony ahead of their talks at the Kremlin in Moscow, Russia, on Thursday, Oct. 5, 2017.

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Oil prices will hit $100 a barrel in 2024, Goldman Sachs' chief commodities strategist warns

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oil rig

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Surging oil prices could cause demand to crumble, forcing Saudi Arabia to take its 'foot off the brake' sooner than markets expect, energy exec says

Tech Insider : Economy
Khurais oilfield, Saudi Arabia oil
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh.

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Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says

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Fatih Birol, head of IEA
Fatih Birol warned summer could be difficult for energy markets.

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