S&P Improved Oil Prognosis In 2016 To $42.5 Per Barrel From $40

S&P Improved Oil Prognosis In 2016 To $42.5 Per Barrel From $40KazWorld.info – The international rating agency S&P Global Ratings (S&P) has increased oil prognosis price for Brent and WTI in 2016 to $42.5 per barrel against earlier forecasted $40 per barrel.

“We have revised our prognosis of oil price until the end of 2016 for increase to $42.5 per barrel against earlier anticipated $40 per barrel,” the message reports.
The agency believes, growth of oil demand during the nearest next years “will likely remain positive but unstable”.

“Current oil oversupply will hardly remain in the mid term and long term perspective,” said the agency.

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