World’s Top Oil Traders See 2020 Prices Stuck in the $50s

By Laura Hurst, Kelly Gilblom
, and Grant Smith,BLOOMBERG
9 באוקטובר 2019, 19:45 GMT‎+3‎ Updated on 10 באוקטובר 2019, 03:45 GMT‎+3‎
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As the oil industry’s top executives gathered in London for one of the most important events of the year their view on crude prices was clear: they’ll struggle next year.

Vitol SA Chief Executive Officer Russell Hardy told the Oil & Money conference on Wednesday that the ongoing U.S.-China trade dispute was curbing the outlook for crude prices which would be stuck in the $50s a year from now. The bosses of fellow commodity traders Trafigura Group Ltd. and Gunvor Group Ltd. agreed, at least in the short term.