Oil Prices Surge as Global Supply Concerns Intensify
TL;DR Summary
Experts warn of "demand destruction" as oil prices are expected to breach $100 per barrel due to supply concerns. Market strategists are concerned about how high crude oil prices can go before they start affecting demand, as Goldman Sachs raises its oil price target to $100 again, citing lower OPEC output and higher demand outweighing increased US supply.
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