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Oil prices rose significantly in 2026, with Brent reaching $70 per barrel, the highest level in several years, amid expectations of continued increases through 2026. Studies predict that global demand for oil will keep growing, supported by market balance that sustains rising prices, despite environmental challenges and alternative technologies. It is noted that the market has experienced price fluctuations over recent years, but forecasts indicate that oil will remain crucial in the energy mix until the later half of the decade, with demand continuing to rise in Asia and Europe.
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