The price of a barrel of oil is predicted to slump to $60 by the end of next year due to a surge in production, according to City analysts.
The price of a barrel of oil is predicted to slump to $60 by the end of next year due to a surge in production, according to City analysts.
Oil prices have edged higher after the Opec cartel agreed to extend most of its significant production cuts into the third quarter of the year.