MARCH 23, 2015 – Prices of oil globally is expected to trade between $35 to $40 dollars a barrel by end of second quarter, based on analysis by leading industry experts.
In his speech at the 18th annual Credit Suisse Asian Investment Conference on Monday, FACTS Global Energy chairman cautioned that oil prices could even fall beyond those levels for a brief spell.
Brent and U.S. crude prices were trading at $46 and $55 respectively in Asian session on Monday.