The average price for Brent crude oil in 2018 will drop to $55 a barrel amid rising production and replenishment of raw materials, predicts the research company Oxford Economics (OE).
As reported by enkorr, OE baseline scenario envisages that in the short term, oil prices will decline after the recent spike to $64 per barrel.
“We forecast that in 2018 Brent back to $55 per barrel as production growth and replenish the reserves,” – noted in the forecast.
At the same time, according to forecasts by the energy Agency Petroleum World, Elio Eco, in 2018, the price of a barrel of Brent will be $65-70.
Recall, in today’s trading world oil prices fall on data from the American petroleum Institute on crude oil inventories in the U.S. last week.