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Kuwaiti oil minister sees crude at $40-$60 over next 3 years
March 9, 2016 / 1:25 PM / 2 years ago

Kuwaiti oil minister sees crude at $40-$60 over next 3 years

KUWAIT, March 9 (Reuters) - Kuwait’s acting oil minister said on Wednesday he expected oil prices of $40 to $60 a barrel over the next three years.

“I think we will see an indication of an increase in demand by end of this year and probably a little bit higher prices by 2017 and 2018,” Anas al-Saleh told reporters in Kuwait.

“And the range is $40-$60 as an average over three years.”

Brent crude futures were trading above $40 per barrel Wednesday. (Reporting by Hadeel Al Sayegh and Ahmed Hagagy; Writing by Sylvia Westall; Editing by Mark Potter)

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