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Pioneer Natural Resources chief sees $100 per barrel oil persisting

Aug 3 (Reuters) - Crude oil prices will continue to climb as demand rebounds and supplies remain tight, the head of one of the largest U.S. shale producers said on Wednesday.

Prices will remain at $100 a barrel or more over the next five years, Pioneer Natural Resources (PXD) Chief Executive Scott Sheffield told investors on a conference call. Pioneer will remain focused in the near term on achieving roughly a 5% production volume growth rate, he said. (Reporting by Liz Hampton in Denver)

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