Monday, 6 May 2013

Oil price forecasts cut as market slumps oil price to reflect ample supply and sluggish economic growth

Brent crude will hover around $100 a barrel for the next two years, a Reuters poll showed after analysts slashed their forecasts for the oil price to reflect ample supply and sluggish economic growth. Brent crude oil will average $107.60 per barrel this year, Reuters monthly oil price survey for...Oil price forecasts cut as market slumps oil price to reflect ample supply and sluggish economic growth

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