Crude Oil Prices Will Float Between $60-70 Per Barrel In 2018: BS Poll


Crude Oil Prices Will Float Between $60-70 Per Barrel In 2018: BS Poll

Crude oil on Wednesday held mostly steady as concerns about volatility in global markets offset an unexpected drop in US inventories. Brent crude futures edged down 11 cents to $66.75 a barrel by 0951 GMT, while US West Texas Intermediate (WTI) crude futures eased 12 cents to $63.27 a barrel.

Crude is struggling to extend last month’s largely dollar-driven gains on speculation that US output will impede efforts by the Organization of Petroleum Exporting Countries (OPEC) to drain a glut.

According to an online poll conducted by Business Standard, more than 55% people are of the opinion that crude oil prices will float between $60 to $70 per barrel in 2018. Read More…

 

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