One popular saying in the oil industry says that the only cure for high oil prices is high oil prices. With a war in Europe, tight global supply that's about to get even tighter, lockdowns in China, and economic uncertainty rife, oil prices may have finally become too high to be sustainable. While prices rebounded somewhat on Tuesday, Brent crude earlier this week slipped below $100 for the first time in weeks as worry about Chinese demand weighed on international benchmarks.
And it could get worse if the spread of the coronavirus continues, CNBC…Is $100 Oil Sustainable?
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