Oil prices ease as OPEC members predict $80 by 2020

Oil prices ease as OPEC members predict $80 by 2020

Oil prices ease as OPEC members predict $80 by 2020 Oil prices have stabilized overnight as the greenback slipped back and markets digested the views of Kuwait and other OPEC members that suggested the cartel would not be likely to take action on production levels but let the market balance itself. OPEC members have been talking about a small rise in prices over the next five years with a top price of $80 a barrel by 2020.