Oil prices bounce back, U.S. crude futures trade above zero


Oil prices bounce back, U.S. crude futures trade above zero

OPEC controls oil prices through its pricing-over-volume strategy According to Foreign Affairs magazine, the oil embargo shifted the structure of the oil market from a buyer's to a seller's market.Mar 9, 2020 EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year



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Post Uploaded Date 21/04/2020




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