Oil prices will remain lower for a long period, as large volumes of inventory and a surplus of raw materials lead to slower price growth, according to international rating Agency Moody’s Investors Service.
MOSCOW, 19 Oct. International rating Agency Moody’s Investors Service downgraded the Outlook for prices of Brent crude oil in 2016 to 53 dollars per barrel, versus the previous estimate of 57 dollars per barrel and the forecast for WTI to 48 from 52 dollars amid expectations of a slower rate of increase of price conjuncture in the period of 2016-2017 years than previously forecast.
What, in your opinion, related to a decrease in oil prices?
- With increased production
- The difficult economic situation in the world
- With the collusion of a number of countries-producers
- The reason the political situation
- No answer
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