Reported 2 months ago
Oil prices have recently dipped to their lowest levels in seven months, with West Texas Intermediate rising above $73 and Brent above $77 per barrel. Analysts from Capital Economics anticipate a rebound towards $80 per barrel by year-end, mainly due to resilient oil demand in the US and China, along with escalating Middle Eastern tensions. Despite recent drops linked to fears of a recession and a weaker Chinese economy, many experts believe the fundamentals still support higher prices.
Source: YAHOO