Oil prices at 5-month high
  • WebDesk BTVI
  • Apr 09 2019

On oil prices hitting highest in last five months, Jonathan Baratt, CIO of Probis Securities, said that a number of factors such as OPEC production cuts, US sanctions on Iran and Venezuela have influenced the price rise. Baratt said that there is a need to strike a proper balance of oil prices, but hinted that the prices are likely to go higher, especially in view of the Libyan conflict.