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Jul 30, 2015

Oil prices set to recover but oversupply will cap gains: Reuters poll

By Nallur Sethuraman

(Reuters) – Oil prices are likely to bounce back from six-month lows to end this year higher and climb further in 2016 thanks to rising demand from emerging markets, a monthly Reuters poll showed on Thursday.

But the survey of 30 industry and bank analysts said a global supply glut and strong dollar should cap price gains and keep fuel costs well below recent averages over the next couple of years.

Jul 30, 2015

Oil prices set to recover but oversupply will cap gains – poll

July 30 (Reuters) – Oil prices are likely to bounce back
from six-month lows to end this year higher and climb further in
2016 thanks to rising demand from emerging markets, a monthly
Reuters poll showed on Thursday.

But the survey of 30 industry and bank analysts said a
global supply glut and strong dollar should cap price gains and
keep fuel costs well below recent averages over the next couple
of years.

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