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 2016 Thomson Reuters. Click for Restrictions.

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Light Crude Oil : $50.11/BBL 1.99%
Natural Gas : $2.69/MMBtu 0.74%
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