Hasan Qabazard says Brent crude will trade between $40 to $50 a barrel in the fourth-quarter of 2015.
The bank announced the frozen rate decided in the first Governing Council monetary policy meeting of June.
Commerzbank expects that Opec will confirm its production target of 30 million barrels per day on 5 June.
Draghi's Greece-related comments are likely to be crucial later in the day.
Nationwide says that there was an annual change of just 4.6%.
The ASX ends in the red despite upbeat Australian GDP data.
WikiLeaks founder Julian Assange has called for a bounty to expose "this monster trade pact".
Pew Research Center survey shows 55% of Britons want to remain in the EU, while 36% want to leave.
Weak US dollar on dovish Fed is helping the Australian currency.
Prices were down by 1.9%
Suppliers are failing to pass on huge cost savings to consumers.
€7.2bn in cash-for-reforms deal to be put to a reluctant Athens.
The Alton Towers crash caused Merlin Entertainment's share to fall 3.46%
Nobel Prize winner Professor Robert Shiller is famous for predicting market bubbles.
Inflation turned positive for the first time since November 2014 as food prices rose
Following the Fifa scandal, many of the world biggest advertisers are now reviewing their media arrangements.
Greek Prime Minister says he put forward a comprehensive proposal after Troika leaders met
Rupee weighed down by drought fears and strong dollar and oil prices.
Capital Economics expects Australian interest rates to fall to 1.5% this year and Indian rates to drop to 7%.
Increase in oil production and continued government spending will help support country, says IMF.
Greece due to pay back €300m loan by Friday but says demands are 'absurd'.
FTSE 100 closed 0.44% lower than the open with Ashtead group as its biggest riser.
Russia annexed Crimea and backed pro-Kremlin separatists in eastern Ukraine in 2014.
Soaring rent prices in London have made sharing bedrooms an accepted fact even among young professionals.
Internal tensions in Syriza and the missed deal deadline on 31 May have made matters worse for Greece
David Cameron is on a charm offensive to curry support and understanding from fellow EU leaders
Bitcoin takes a tumble, while blockchain wallet app bug causes problems for users.
The average price rose by 5.1% to £179,817, according to the Land Registry.
FTA allows preferential tariffs for 310 products manufactured in industrial park located in North Korea's border town of Kaesong.
The UK's manufacturing output rose slightly as its PMI touched 52.0 in May, slightly behind the eurozone.