Oil has not sustained gains for more than a couple of weeks as investors have grown more worried about the stubborn global crude glut. (A flame shoots out of a chimney at a petro-industrial factory in Kawasaki near Tokyo. - Reuters filepic)
KUALA LUMPUR: Hong Leong Investment Bank Research (HLIB) has maintained its 2017 oil price target at US$50 to US$60 per barrel (bbl) for the whole year.
“In the first half of 2017, Brent has averaged at US$51.6/bbl, still within our forecast range of US$50-60/bbl for whole year of 2017 albeit at the lower end.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
