| A report from the IMF (International Monetary Fund) has found oil prices have rebounded more than expected, after falling by more than half a year ago. The findings were revealed in the latest World Economic Outlook which said the rise in the price of oil reflected higher demand and expectations that oil production growth in the US would slow faster than previously forecast.
It predicted the average price of oil to be $59 per barrel over the year. But the IMF warned despite the rise in oil prices, inflation in advanced economies remained broadly stable and well below inflation objectives...............................................Full Article: Source
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