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Global oil prices forecasted to hold steady the rest of the year

GLOBAL oil benchmarks will hold steady for the rest of the year but decline marginally in 2023, according to a group of analysts who spoke to CNBC yesterday. However, a minority opinion sees crude prices moving higher before 2022 is through.

Tim Daiss
Photo by <a href="https://unsplash.com/@david_thielen?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">David Thielen</a> on <a href="https://unsplash.com/s/photos/oil?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a>

Photo by <a href="https://unsplash.com/@david_thielen?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">David Thielen</a> on <a href="https://unsplash.com/s/photos/oil?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a>

Global oil prices skyrocketed to more than $120 per barrel after the Russian-Ukraine war broke out in late February, their highest point since at least mid-2014 amid a then Saudi orchestrated OPEC deep...

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