OIl PRICES

Analysts are predicting that the world is facing a glut of oil in the near short term.

Notwithstanding unknown shocks this is sure to lead to a lower price per barrel of the blackstuff.

Currently Brent Crude is trading at $65 a barrel, down a bit from last month.

The OPEC+ cartel is responsible for the increase in oil volumes being produced which leads to glut conditions.

With global demand slackening a bit due to current economic uncertainty, we could be in for some lower oil prices for a longer spell.