Litasco CEO sees oil range-bound in 2017, looks to expand
February 27, 2017 at 08:40 AM EST
LONDON (Reuters) - Oil prices are likely to stay in a tight range between $50 and $60 a barrel this year as a recovery in U.S. shale output counterbalances the OPEC supply cut deal to reduce the global glut, Litasco Chief Executive Tim Bullock said in an interview.
