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Bernstein Sets Long-Term Oil Price Target At $75 Per Barrel
Wall Street analyst Bernstein Research has established $75 per barrel as a reasonable long-term oil price target for equity valuations, p…
AI Summary
Wall Street analyst Bernstein Research has established $75 per barrel as a reasonable long-term oil price target for equity valuations, pointing to rising marginal costs and declining reserves. Citing a new survey of the 50 largest energy companies globally, Bernstein analyst Neil Beveridge has revealed that higher spot prices and a tightening physical mark…
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