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Wednesday, 4 November 2026
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Crude oil to average $79 per barrel in 2027 – World Bank

Crude oil to average $79 per barrel in 2027 – World Bank
Image: MyJoyOnline

According to the report, global oil consumption is anticipated to contract by 2.5% in 2026, the third-largest decline on record, after the pandemic year of 2020 and the oil market turmoil of 1980.

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