QNB Expects Oil Prices in 2016 at $44

oil-price-cartoon

Qatar National Bank’s (QNB) weekly report forecast that the average price of oil for 2016 will be $44. The conclusion, the bank said in a statement, was one of three likely scenarios they plotted for 2016. They said that $44 will be the average price if four things happen: 1) demand continues to increase. 2) Production in the US falls. 3) Iranian More...

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