Oil prices may have hit a floor and could soon rebound, said the secretary-general of Opec, the oil producing cartel, on Monday.
After hovering in the $45-$50 a barrel range, Abdalla El-Badri said, “maybe prices have reached a bottom”.
Speaking on the sidelines of a Chatham House conference in London, Mr El-Badri said to the Financial Times: “How long will it last? I don’t know . . . but I am sure the price will rebound.”
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