Yahoo Finance What's the perfect price for oil?
The perfect price for oil right now is roughly around the range of $60 to $70 per barrel, according to Carlos Pascual, a senior vice president and energy expert at IHS Markit.
“What the global economy is looking for is a price that is going to be able to sustain the energy sector, and which is affordable for consumers as well,” Pascual told Yahoo Finance UK during a special one-to-one video interview at the World Economic Forum (WEF) in Davos, Switzerland.
US crude oil prices are currently trading around $53 per barrel, while global Brent crude prices are trading around $61 per barrel.
Pascual predicts that prices will likely stay in the range of $60 to $80 in 2019.
The US, Saudi Arabia, and Russia are currently three of the most influential oil producers in the world.
READ MORE: Coverage from the World Economic Forum
