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OPEC's Badri says oil may have hit floor, warns of future spike
Monday, January 26, 2015 21:27
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Oil prices at current levels may have reached a floor and could move higher very soon, OPEC's secretary-general said on Monday, his first public comment that oil's second-biggest decline on record may have run its course.
Abdulla al-Badri also warned of a risk of a future price spike to $200 a barrel if investment in new supply capacity is too low.
“Now the prices are around $45-$50 and I think maybe they reached the bottom and will see some rebound very soon,” Badri told Reuters on the sidelines of a conference at Chatham House …. http://www.reuters.com
Source: http://luismmx.blogspot.com/2015/01/opecs-badri-says-oil-may-have-hit-floor.html
