World Bank raises 2016 oil price forecast to $41 per barrel

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Amid improving market sentiment and a weakening dollar, the World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook, stating that oversupply in markets is expected to recede. Brent crude futures were up $1.30 or nearly three per cent, at […]

World Bank raises 2016 oil price forecast to $41 per barrel


Source: Business

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World Bank raises 2016 oil price forecast to $41 per barrel

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