19.04.2016 - Oil is headed to $30 after Doha
Oil prices are under pressure following the failure of OPEC and major non-OPEC producers to agree on a production freeze at Sunday's meeting in Doha. We expect Brent crude prices to drop toward $30 a barrel during the current quarter but recover to $55 a barrel in 12 months as the oversupply of oil dissipates towards the end of this year. Saudi Arabia's Deputy Crown Prince Mohammed bin Salman reiterated before the Doha talks that the Kingdom would not freeze its output without Iran's participation...............................................Full Article: Source
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