Oil may inch up to $65 a barrel as global inventories decline, Moody's cautions
Updated : March 24, 2018 10:39 AM IST
The earlier price band was between USD 40 to USD 60 bbl.
The change in the market conditions has resulted in benchmark prices to be averaged around USD 65/bbl this year.
The firm has raised the price band for natural gas liquids (NGLs) between USD 20 and USD 30/bbl, up from the earlier USD 19 to USD 27/bbl price band.