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Oil prices expected to stay in a range of $50-$60, says BP CEO

Reuters  |  LONDON 

LONDON (Reuters) - Oil prices are expected to hold between $50 and $60 a barrel as bloated global stocks fall after a deal between OPEC and other producers to trim output, BP Chief Executive Bob Dudley said on Thursday."It was always going to take quite a while for stocks to come down. But for the OPEC and non-OPEC producer agreement, from everything we see, there is broadly compliance in place and stock levels are coming down," Dudley said in an interview with Reuters."We don't expect a spike up in prices nor do we expect a big drop in prices. So we're all trying to make our way in this ...

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First Published: Thu, September 14 2017. 17:53 IST