16.12.2015 - Moody's cuts 2016 oil price outlook by $10 to $43 for Brent
Moody's Investors Service on Tuesday slashed its 2016 oil price outlook on expectations of a prolonged supply glut, saying additional production from Iran, should sanctions be lifted, would offset any slowdown in output from the United States. The ratings agency cut its 2016 Brent price assumption by $10 to $43 per barrel and its WTI price forecast by $8 to $40. Prices for both benchmarks would increase by $5 per barrel in 2017 and again in 2018, Moody's said in a note...............................................Full Article: Source
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