Oil forecasted to stabilize at US$ 37 a barrel this year, says World Bank

Wednesday, January 27th 2016 - 07:04 UTC

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The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. Read full article

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L0B0MAL
The interdependent world-economy keeps taking different shapes & sizes - constantly. Hence there is no such thing as a “Fixed-Price” [or a fixed price-range].

It's a simple matter of demand-and-supply. Obviously, the price can change from deal-to-deal.

Ultimately, it is a matter of what [how much] the buyers are willing to pay during a specific transaction. It does not depend on the seller's whims & fancies.
Feb 04th, 2016 - 11:29 am - Link - Report abuse 0
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