Oil watchers see $70 a barrel in 2019 as recession fears fade

Posted by on
The world’s biggest banks are reckoning on a rebound in oil prices next year as fears of a recession prove misplaced. The Brent benchmark will average $70 a barrel in 2019, almost a third higher than its price Thursday, according to a Bloomberg survey of oil analysts. Futures in London and New York plunged this quarter, with volatility soaring in its final week as crude tracked gyrations in equity markets.

from The Daily Star >> Live News http://bit.ly/2EPrIM5