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    • Crude may rise before additional production: Marc Faber

      Crude may rise before additional production: Marc Faber

      Rising crude oil prices has been a matter of grave concern in the past few days. Investment guru Marc Faber believes that crude may rise further before additional production comes into play. "We need to find new oil fields and develop them and that is very costly. I would estimate the marginal cost of adding new oil at USD 80 per barrel," he said.

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