Koustav Samanta and Vijaykumar Vedala

Business, Fuel

Oil Prices Expected to Average $40 a Barrel in 2016

Daniel Acker/Bloomberg News

Oil prices will average just over $40 a barrel this year due to subdued demand and the likelihood a tentative agreement by leading producers to freeze output will do little to drain a supply glut, a Reuters poll showed Feb. 29.

February 29, 2016