Nigeria: World Bank raises 2016 oil price forecast to $41/b

27 April 2016, Lagos — Amid improving market sentiment and a weakening dollar, the World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook, stating that oversupply in markets is expected to recede. Brent crude futures were up $1.30 or […] More »