27.01.2015 - OPEC minister sees oil price floor at $45
An OPEC official predicted that oil prices had bottomed out on Monday, briefly raising hopes that the steep slide might be easing. West Texas Intermediate crude, the benchmark contract in the U.S., moved up early in the morning, but ended the day down 45 cents at $45.16 US a barrel at mid-afternoon on Monday, while Brent crude was down 67 cents at $48.12. Western Canada Select oil is now at $31.81. “Now the prices are around $45-$55 and I think maybe they reached the bottom and will see some rebound very soon,” Abdullah al-Badri, Secretary-General of OPEC, said in an interview on Monday...............................................Full Article: Source
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