World’s Top Oil Trader Says Prices Won’t Rise Much Further

  • Vitol CEO Ian Taylor says crude to end 2016 near $50 a barrel
  • Sees weaker demand growth in China and the rest of Asia

We Have a Lot of Oil in the System, Says Vitol's Taylor

Oil prices won’t rise much further over the next year and a half as demand growth slows and refiners comfortably meet gasoline consumption, according to the world’s largest independent oil-trading house.

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