Oil prices recover amid Greece, supply worries
In mid-afternoon Asian trade, US benchmark West Texas Intermediate for July was up 64 cents at $60.16 while Brent futures for August, a new contract, were up 35 cents at $64.30.
Jun 16, 2015, 13:47 PM IST
Oil prices fall on oversupply, but US crude supported by Gulf of Mexico storm
"Fundamental data indicates that the oil market is oversupplied by over 2 million barrels per day," the bank said. But it added that due to a recent rally in prices it had lifted its average 2015 Brent and WTI price forecasts to $60 and $55.10 per barrel respectively, up from $52.50 and $48.60 a barrel previously.
Jun 15, 2015, 12:44 PM IST
