Oil: what to expect in 2016?

Published on 23rd Dec 2015

Tom Pugh, commodities economist at Capital Economics, discusses his outlook for oil prices next year.

Overall, Capital Economics central scenario is for the price of Brent to increase to $55 per barrel by the end of 2016, from under $40 today.

The firm also expects the price of Brent to end the decade at around $70 per barrel.

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