Crude oil prices will float between $60-70 per barrel in 2018: BS poll
Crude oil on Wednesday held mostly steady as concerns about volatility in global markets offset an unexpected drop in US inventories. Brent crude futures edged down 11 cents to $ 66.75 a barrel by 0951 GMT, while US West Texas Intermediate (WTI) crude futures eased 12 cents to $ 63.27 a barrel. Crude is struggling to extend last month’s largely dollar-driven gains on speculation that US output will impede efforts by the Organization of Petroleum Exporting Countries (OPEC) to drain a glut.
According to an online poll conducted by Business Standard, more than 55% people are of the opinion that crude oil prices will float between $ 60 to $ 70 per barrel in 2018.