Relief expected in crude oil prices in H2 on declining fears of supply disruption

Crude oil prices are expected to dip below US$110 from current highs of US$124 as high prices undermine demand and economic growth. Prices in Q3 are expected to fall to an average of US$108 a barrel as per a Reuters poll as disturbances in the oil-producing regions of Middle East and North Africa that have fuelled four months of bullish price increases, wane.
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