Global growth in 2016 will help oil prices – Kuwait Oil Minister

By FXStreet FXStreet (Mumbai) – As per Reuters report, Kuwaiti Oil Minister assured markets today that the economic growth in 2016 will help oil prices recover.

Making an indirect reference to shale oil production in the US, the Oil Minister said the ‘exit of high-cost oil production will help improve oil prices’. He further added that currently there are no plans to alter the OPEC production policy.
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Source:: FX Street