Tag Archives: gas prices

Oil traders are still awaiting more definitive clues about the supply/demand balance, but volatility is likely to stick around for a while. In the short run, oil prices will likely follow global stock markets up or down on any given day until the fundamentals reveal a more discernable pattern. 

There is more risk of oil prices to the upside than there is to the downside during 2016. The average prices are expected to oscillate between $45 and $48 during the year.