The 2020 outlook for West Texas Intermediate rose to $37.51 per barrel from June’s $36.10. Oil is “caught-up in a step-wise re-balancing process” with the “pieces moving in the right direction” on the supply side, said Harry Tchilinguirian, head of commodity research at BNP Paribas. A promising vaccine for the virus could, however, fast-track economic recovery and in turn boost oil prices, analysts said. …read more
Source:: Yahoo Finance
