Oil to trade above $60 in 2017 – Merrill Lynch

Oil to trade above $60 in 2017 – Merrill Lynch
“Also, disruptions are relatively high at the moment, suggesting there is room for production to come back in Libya, Yemen, or Nigeria if politics allow. But low oil prices could also trigger strikes and unrest in producing countries. In short, if Saudi output remains constant, oil prices should trend higher,” it concluded. More »

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