NEW DELHI (Reuters) - The world will have to live with lofty oil prices for at least the next two years due to a combination of strong demand and supply constraints, Rodrigo Rato, the managing director of the International Monetary Fund, said on Saturday.
World oil prices have climbed almost 50 percent in the past year and scaled record nominal highs on Thursday. They closed the week within a dollar of those peaks, with U.S. light crude oil (CLc1) changing hands at $56.72 a barrel.
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