Moody's maintains range-bound price estimates on high global inventories, tepid demand growth
Toronto, November 30, 2016-- Toronto, November 30, 2016-- Moody's Investors Service has maintained its oil price estimates for 2017 and 2018, reinforcing expectations of a $40-$60 medium-term oil price band on oversupply, high global inventories and tepid demand growth, notwithstanding OPEC's announcement to cut oil production. Additionally, Moody's has maintained its price estimate for both Brent crude oil, the international benchmark, and West Texas Intermediate crude, the...
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