Brent edges close to the 80 dollar mark

Increasing demand can mean a Brent price at USD 90 per barrel within a few years, predicts Morgan Stanley.

Photo: ritzau/Vahid Salemi/AP

Supply is tight, while demand in increasing, which is pushing up the price of Brent oil, which may soon cross the USD 80 mark and reach the level of 2014.

Brent oil was traded on Tuesday morning at USD 79.41, and the price has thereby increased by USD 1.35 since Wednesday afternoon.

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