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Chief economist update: Oil to slide into 2020BY BENJAMIN ONG | THURSDAY, 24 OCT 2019 8:43AM
The IMF estimates that crude oil prices would drop by 9.6% this year from an average price of US$68.33 per barrel in 2018 to US$61.78 this year and by another 6.2% to US$57.94 in 2020.
Read more: US, IMF, OPEC, Lower, Dubai Fateh, IEA, Abqaiq, Brazil, International Energy Agency, International Monetary Fund, Iraq, Nigeria, Norway, Organisation of, Petroleum Exporting Countries, Reuters, Russia, Saudi Arabia, UK Brent, West Texas Intermediate, World Economic Outlook, WTI
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