Base oil price forecast 2020
Crude Oil Price Update – Bearish News Could Spike Prices Through $52.46. Based on Monday’s price action and the close at $53.51, the direction of the December WTI crude oil market on Tuesday is likely to be determined by trader reaction to the 50% level at $53.73. OPEC, in the report, lowered its forecast for world economic growth in 2020 to 3.1% from 3.2% and said next year’s increase in oil demand would be outpaced by “strong growth” in supply from