International

摘要

Oil is set to hold in its current range this year, although some upward movement could be possible, BP's chief economist Christof Ruehl said recently.rn"We would expect oil prices for the remainder of the year in the current range, perhaps with a slight upwards drift but no dramatic spikes," Ruehl said in an interview with Reuters Insider television in London. Oil has traded in a relatively tight $15 range between $69-84 per barrel since early October. At the peak of the financial crisis, oil crashed below $40 from a July 2008 record of almost $150, but expectations of an economic recovery have supported prices since then.