World Bank lowers 2016 forecast for crude oil

Global Business

World Bank lowers 2016 forecast for crude oil

The World Bank is lowering its 2016 forecast for crude oil prices in its latest Commodity Markets Outlook.

Prices are still above the current levels, implying some upside later in the year, but there are still plenty of risks.

CCTV America’s Daniel Ryntjes reports.

World Bank lowers 2016 forecast for crude oil

World Bank lowers 2016 forecast for crude oil

The World Bank is lowering its 2016 forecast for crude oil prices in its latest Commodity Markets Outlook. Prices are still above the current levels, implying some upside later in the year, but there are still plenty of risks. CCTV America's Daniel Ryntjes reports.