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Oil prices ‘likely to slide until mid-year’

MANAMA, January 31, 2016

Oil price slide is expected to continue until mid-year to reach $20 a barrel or less, said banking expert Khalid Janahi yesterday (January 30).


However, prices are likely to rise to $45-$50 per barrel by the year-end in view of the current global market conditions, the Ithmaar Bank chairman told our sister publication Akhbar Al Khaleej over phone from Switzerland on the sidelines of the World Economic Forum in Davos.

To read further, please visit GDNonline.

 




Tags: Ithmaar Bank | oil price |

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