Brent Crude see steady growth

Brent Crude see steady growth

The FTSE 100 declined 15 points this morning to 7,522.59 as packaging firms Mondi and Smurfit Kappa suffered.

 

Brent Crude meanwhile continued steady growth from Tuesday rising 0.14 to $56.75 a barrel.

 

The President of Facts Global Energy (FGE), Jeff Brown, predicted that the low oil price will be present for the foreseeable future. Speaking the Reuters Global Commodities Summit he said: “We don’t see big reasons for inventories to go down a lot from still high levels now. Hence we don’t see big reasons for prices to go up or down by much in 2018, and it’s similar for 2019”.

 

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