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Analysts: Oil Prices to Balance Out by End of 2016

Discussion in 'Fundamental Analysis' started by Daily.Forex, Jun 27, 2016.

  1. Daily.Forex

    Daily.Forex Forum Member

    Sep 2, 2015
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    Even before the results of the Brexit referendum were announced, the price of oil was falling in most countries. A report from the U.S. Energy Information Administration (EIA) in mid-June indicated that OPEC lost $349 billion in revenue last year because of low oil prices, cutting revenues almost in half from the year before.

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