OIL PRICES: UNCHANGED
Crude oil prices will be mostly unchanged in the second half of 2015 and rise slowly in 2016, Moody's Investors Service said while trimming its expectations for both years' averages.
From earlier assumptions, the ratings firm lowered by $5/bbl each its expectations for average 2015 prices of Brent crude, to $55/bbl, and of West Texas Intermediate crude, to $50/bbl.
Those averages are based on second-half averages of $52/bbl for Brent and $47/bbl for WTI.
The new 2016 assumptions are $57/bbl for Brent and $52/bbl for WTI.
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