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<<By DAVID KOENIG, AP Business Writer
3 Hours Ago


DALLAS (AP) — OPEC now sees oil prices rising more slowly over the next few years than it had expected, as the oversupply of crude takes longer to work off.

The Organization of the Petroleum Exporting Countries said Tuesday it expects crude will rise $5 a year to $60 per barrel by 2020. A year ago, OPEC forecast that oil would hit $80 by 2020.

Brent crude, which is used to price international oils, fell 11 cents to $46.04 a barrel on Tuesday.

OPEC cited many factors that could limit energy demand, from slower growth in China to higher household debt. The cartel expects global economic growth of 3.4 percent over six years, down from a 3.6 percent prediction a year ago.>>