Why Oil Prices May Be Stuck Below $72

Kuwait expects oil prices to remain below $72 per barrel in the near term, Tareq Al-Roumi, the Oil Minister of one of OPEC’s top producers, said on Thursday.  Brent crude prices were trading at around $67 per barrel early on Thursday.  Kuwait, as well as OPEC, are monitoring the market and all statements coming from U.S. President Donald Trump and his administration, the minister added.  “Through OPEC, we are monitoring the market in terms of supply and demand, and we are monitoring the U.S. President’s statements,”…