Nordea Markets Cuts Oil Price Forecast for 2016 and 2017

Reuters

OSLO, March 3 (Reuters) - Broker Nordea Markets cut its forecast for North Sea oil prices this year to $41 per barrel from $49 and next year to $60 from $65, it said on Thursday.

Nordea added that it expects Brent crude to reach $50 per barrel by the end of 2016. The North Sea blend traded at $36.74 per barrel on Thursday.

(Reporting by Stine Jacobsen, editing by Terje Solsvik)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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Brent Crude Oil : $49.92/BBL 0.50%
Light Crude Oil : $47.64/BBL 0.65%
Natural Gas : $2.87/MMBtu 0.70%
Updated in last 24 hours