Moody’s lowers oil price assumptions on oversupply and weakening demand

Moody’s lowers oil price assumptions on oversupply and weakening demand

October 20, 2015
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By hellenicshippingnews Moody’s Investors Service has lowered its price assumptions for Brent crude and West Texas Intermediate crude as the rating agency believes that oil prices will rise at a slower pace in 2016-17 than previously expected. Moody’s has also pushed out its price assumptions for North American natural gas by a year to reflect continued strong … Read full story ›

Source:: Hellenic shipping news Oil