2017 oil price projected to rise to US$45-US$50 from US$43 last year

While there were wide expectations for a recovery in prices, the research house believes that last year

PETALING JAYA: AmInvestment Bank (AmInvest) is keeping its oil price projection of an average of US$45 to US$50 per barrel this year from US$43 per barrel last year, stating that oil’s uncertain and volatile price dynamics will remain.

While there were wide expectations for a recovery in prices, the research house believes that last year’s oil prices’ good run might lose steam, going forward.