Mark Mobius: Expect Oil Prices to Recover to $90

Mark Mobius, a renowned investor, predicts that oil prices will soon rise to $80-$90 per barrel due to decreased US shale production. He discusses the benefits of low oil prices for net importers like China and India. However, he anticipates a recovery in oil prices by next year or the year after.

What factors are influencing the oil prices as discussed in the text?

Which countries are expected to benefit from low oil prices according to the text?

How does the oil price situation vary across different regions according to the text?

What does Mark Mobius believe about the future of oil prices?

What is the expected price range for oil per barrel mentioned in the text?