MARC ratings expects oil prices to remain higher for rest of 2023, next year

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC Ratings) foresees the Brent oil prices to remain elevated to hover around US$85-US$95 (US$1=RM4.78) for the remainder of 2023 and within the range of US$80-US$100 per barrel in 2024.