BOTTOM LINE Analysts say that oil price is likely to remain low for a year due to supply and demand. It has always been hard to predict the oil price as its price had been full of surprises in the past. For example, Chinas economy could come roaring back, Europe could suddenly rebound out of its economic malaise and Saudi Arabia could decide that enough is enough and cut back on production all of a sudden. Any of those events could increase prices. Opinion by Barrister Harun ur Rashid #oilprice #globaleconomy
Posted on: Sun, 18 Jan 2015 19:15:12 +0000
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