US EditionForecast: Oil Prices Will Remain Below $70, Barring some Supply Disruptions in the Middle East
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Despite heightened tensions in the Middle East, oil prices are likely to remain below $70 per barrel for the rest of the year, amid increased supply and demand uncertainties. Unless there are real supply disruptions in and around Middle Eastern hotspots, oil prices will be […] The article Forecast: Oil Prices to Remain Below $70 Barring Some Middle East Supply Disruptions first appeared on CursDeGuvernare.ro.
Oil prices rose slightly on world markets last week, with trading calm as fears of disruptions to Middle East oil supplies eased after a ceasefire agreement between Israel and Iran. The price of a barrel on the London market rose 0.8 percent to $68.30 last week, while on the US market the price of a barrel rose 1.5 percent to $66.50. After falling more than 11 percent the week before, oil prices did not fluctuate much last week as, thanks to the…
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