The price of oil would trade between $60 to $75 per barrel in 2020, which will lift oil revenues for GCC countries by around $40 billion (Dh147 billion), say economists. However, they believe that the market talk of oil trading at $100 next year is far-fetched, mainly due to oversupply and a slower global economy. "We expect the price of oil will reach $75 a barrel by the end of ...
