Vitol CEO sees oil prices heading towards $50 a barrel
LONDON (Reuters) - Oil prices will be heading into the high $40 a barrel range or even $50 in the next few months as inventories modestly draw during the winter and this accelerates during the middle of 2021, Vitol Chief Executive Russell Hardy said on Tuesday.
Benchmark Brent crude <LCOc1> was trading at almost $43 a barrel on Tuesday.
(Reporting by Dmitry and Julia Payne; Editing by Emdund Blair)