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Oil prices could hit Sh11,300 amid rising demand

Oilfield technicians work with a drill at a rig of Ecuador's state oil company Petroamazonas, in Tiputini, Ecuador, October 19, 2017. [Reuters, Daniel Tapia]

Oil prices that rallied 50 per cent in 2021 will power further ahead this year, analysts predict, saying a lack of production capacity and limited investment in the sector could lift crude above $100 (Sh11,300) a barrel.

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