Oil prices are likely to stay higher than $60 per barrel over the medium term, Moody’s said on Wednesday, as reported by LiveSquawk. According to the credit rating agency, global oil prices will likely remain higher than the mid-point of its medium-term range of $50 to $70 per barrel. In a new report on Wednesday, Moody’s said that its global energy outlook is stable for 2022 as prices hold firm.
However, costs are rising, which will limit gains in earnings for companies. “Gains in earnings for oil and gas producers…Moody's: Higher Costs Could Cap Oil Company Earnings
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