Russia’s Novak: Average oil price seen at more than $60 per barrel in 2018

Russia’s Energy Minister Alexander Novak was on the wires last minutes, via RIA, noting the following:

“We'll discuss gradual oil output recovery In June.

Average oil price seen at more than $60 per barrel in 2018.”

May 24, 2018

WTI: Bears target $ 71 amid hopes of OPEC output boost

WTI (oil futures on NYMEX) is extending its declines in the European session, as the bears now look to retest Wednesday’s low at $ 71.19 amid rising c

UK: Retail sales post solid 1.3% increase in April - ING

James Smith, Developed Markets Economist at ING, explains that at face value, the solid 1.3% increase in UK retail sales during April suggests that th