Oil Will Rise to Early $40s by End-2016, Nigeria Minister Says

  • Crude prices may drop further before they start to rebound
  • Second half of year `holds more promise' for oil market

Kachikwu: No OPEC Meet Unless Majority Calls for It

Crude oil will rise above $40 by the end of the year as low prices force producers to cut investments and a supply glut eases, Nigeria’s Petroleum Resources Minister of State Emmanuel Kachikwu said.

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