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AF Alhajji
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“Damage similar to that caused by Ivan will push oil prices above $75. It took more than six months to restore production after Hurricane Ivan. Crude oil prices increased by more than $10 within a month.”
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“The effect of the release on gasoline prices is limited. Refineries are producing at full capacity and more crude will not lead to more gasoline.”
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“World oil markets are fundamentally tight.”
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“Everything depends on political developments.”
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