Oil Prices May Take Three Years to Normalize, BMO's Downe Says

  • It's unrealistic to expect a speedier rebound, CEO says
  • Oil slump has hallmarks of `significant downturn' of 1986

Reading Into the Oil Rout: How Much Longer Will It Last?

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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