(MENAFN- ProactiveInvestors)
Oil prices were on their way back up again on Friday but opinion was mixed as to whether the recovery will last.
Brent crude added a modest 0.1% to US$48.2 a barrel while US West Texas Intermediate gained almost 1% to US$46.5 a barrel.
Rating agency Standard & Poor's said in a report that hydrocarbon prices will most likely remain low throughout 2016.
S&P said that would leave US oil and gas exploration and production companies facing ongoing cash flow deficits and budget gaps.
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