The global crude oil price has continued to hover around $75 to $84 per barrel in the last few weeks and experts believe it could drop below $50 in the coming months.
Brent, the global benchmark for crude on the early hours of Tuesday traded at $84.80 a barrel, while U.S. West Texas Intermediate crude was at $80.44.
This is the highest level, the two benchmarks touched since Dec. 5 indicating a change in global oil prices.
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