30 Sep 2015
Oil prices likely to stay volatile – World Bank
FXStreet (Mumbai) - The World Bank on Wednesday said the oil prices are likely to stay extremely volatile but maintained its bearish view.
Key Points
Oil seen averaging $53 per barrel in 2015 & 2016
Current prices require significant government expenditure adjustment in Russia in 2016 and beyond
Russian authorities have successfully stabilized economy, but sees contraction of 3.8% in 2015 improving to -0.6% in 2016
Key Points
Oil seen averaging $53 per barrel in 2015 & 2016
Current prices require significant government expenditure adjustment in Russia in 2016 and beyond
Russian authorities have successfully stabilized economy, but sees contraction of 3.8% in 2015 improving to -0.6% in 2016