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ConocoPhillips sees oil price floor rising to $70 a barrel, chairman says
Source: reuters.com
Energy Markets & PricesCommodities & Raw Materials
ConocoPhillips Chairman Ryan Lance said he expects the oil-price floor to rise to around $70 per barrel and sees a mid-cycle price of $65–$70 per barrel for US West Texas Intermediate crude. He made the remarks at the Energy Intelligence conference in London on Monday.
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