| Global crude oil prices could trade between $35 to $40 a barrel by the end of the second-quarter of 2015, according to one of the world's leading oil experts. Prices could even dip beyond those levels for a brief period, warned Fereidun Fesharaki, chairman of FACTS Global Energy (FGE).
Brent crude was trading 1.63% lower to $54.42 a barrel at 08.26am on 23 March. US crude was trading 2.10% lower to 45.59 a barrel. The outlook could get worse if the US and Iran reach a nuclear deal. A former energy advisor to Iran, Fesharaki believes there is an 80% chance of the deal going though before the 31 March deadline, which could see a further $5 drop in oil prices...............................................Full Article: Source
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