He notes that oil prices could drop to $60 per barrel but expects a recovery in the next 18 months. To watch more expert insights and analysis on the latest market action, check out more Catalysts ...

Oil prices are at their lowest levels since the spring of 2021. At Thursday's close, a barrel of West Texas Intermediate crude was $59 a barrel, down from $74 at the start of January. The last ...

Oil price drop seen hitting exporters disproportionately Angola faced a margin call after bond market rout Nigeria's carry trade stops being attractive on oil fall Gulf exporters likely to weather ...

Volatility will persist, risk is off, and currently it is impossible to foretell when appetite for oil and equities will return.” The drop in oil prices comes as global leaders are reacting to ...

while the latter needs an even "higher price to finance its ongoing war in Ukraine" But the room for significant drop in oil prices will likely be curtailed by seasonal demand in the summer that ...