BlackRock CEO Fink Says Sees Oil Prices Stuck In Range

Reuters

ACAPULCO, Mexico, March 11 (Reuters) - BlackRock Inc Chief Executive Officer Larry Fink said on Friday that it is hard for him to see oil prices above $60 or below $30 per barrel for a while.

Speaking at a banking conference in Acapulco, Mexico, Fink also inveighed against negative interest-rate policies by central banks and said Mexico's peso currency remains inexpensive compared to the U.S. dollar.

In a wide-ranging speech, Fink also said he sees a British exit from the European Union as unlikely.

BlackRock, the New York-based asset management company, oversaw $4.6 trillion in assets globally as of Dec. 31, 2015.

(Reporting by Alexandra Alper in Acapulco; Writing by Trevor Hunnicutt; Editing by Tom Brown)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
CFO/ Senior Financial Manager
Expertise: Accounting|Financial Analyst
Location: Carrizo Springs, TX
 
Sr. Accounting Specialist- Revenue, Severance Tax
Expertise: Accounting
Location: Houston, TX
 
Business Development Analyst
Expertise: Business Analyst|Business Development
Location: Chesapeake, VA
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours