Global oil prices likely to rise again in 4th quarter

Global oil prices are expected to regain momentum and turn to increase again in the fourth quarter of this year since the Organization of Petroleum Exporting Countries (OPEC) has hinted to reduce its oil production then, according to an industry executive.

Anusorn Sangnimnuan, President of Bangchak Petroleum Public Company Limited (Bangchak), said on Wednesday that the world oil prices should turn to rise again in the fourth quarter, in which the winter is coming in the West.
ETNA