Oil Prices May Take Three Years to Normalize, BMO's Downe SaysBy and
It's unrealistic to expect a speedier rebound, CEO says
Oil slump has hallmarks of `significant downturn' of 1986
Oil prices won’t return to more normal levels for two or three years, and those expecting a speedy rebound from this month’s 12-year lows are being unrealistic, Bank of Montreal Chief Executive Officer William Downe said.
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