Will Oil Prices Bounce Back Above $100 This Year? ...Middle East

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Will Oil Prices Bounce Back Above $100 This Year?
source : OILPRICE ( Middle East ) () 25
Slowing economies and interest rate hikes are set to keep investors and traders off risk assets such as crude oil, which could mean that oil prices may not exceed $100 per barrel again this year, according to one of the world’s largest commodities traders, Trafigura.   “Given the macro headwinds, I think generally prices will struggle ... despite imminent sanctions,” Saad Rahim, Chief Economist for Trafigura, told Reuters on the sidelines of APPEC petroleum conference in Singapore. Oil prices have recently slumped to $85…

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