BNP Paribas WM: Pick up in oil demand in the near term

Despite the recent selloff in the oil market, BNP Paribas Wealth Management expects a seasonal pick up in demand in the near term and predicts the price of Brent oil will be in a range of US$70-80 in the coming months. “On the supply side, productions in countries like Libya, Nigeria, Iran, and Venezuela remain unstable,” the bank said, highlighting…

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