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Oil prices unlikely to revisit previous highs: IMF

Saturday, October 29, 2016 - 05:50

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The price of oil is unlikely to go back to its previous highs, and short- and long-term factors point to a relatively bearish outlook for demand and prices, the International Monetary Fund (IMF) has said in a report.

Tokyo

THE price of oil is unlikely to go back to its previous highs, and short- and long-term factors point to a relatively bearish outlook for demand and prices, the International Monetary Fund (IMF) has said in a report.

This month, the World Bank raised its 2017 forecast for the

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