Fesharaki Sees Oil’s Fair Value at $80-$90 a Barrel

FGE NexantECA Chairman Emeritus Fereidun Fesharaki says oil should trade at $80 to $90 a barrel, citing supply and demand and low inventories, according to Bloomberg. He expects oversupply to push prices to $65 to $70 by this time next year. Fesharaki speaks with Haslinda Amin on “Insight with Haslinda Amin.”