Four of the world’s biggest traders expect the Brent oil price in 2019 to largely linger in the $60s a barrel with a slight rise in the second half of the year due to a tightening market, they said on the sidelines of the FT Commodities Global Summit. Glencore’s head of oil Alex Beard expects Brent to stay in the mid-$60s while Gunvor chief executive Torbjorn Tornqvist saw $60s to low $70s a barrel. “I think they (the Saudis) like to see the oil price where it is and not lower,” Gunvor’s Tornqvist said. “Having said that, the fundamentals will tighten a little bit in the coming months as refining capacity comes back online from turnaround and new capacity coming later in the year so more crude needs […]