IMF raises forecast of oil prices

МВФ повысил прогноз цен на нефть

Oil will cost a bit more than anticipated

This year the average oil price will make up 65.5 per barrel, and the next drops below 64 dollars.

The international monetary Fund revised its forecast of world oil prices in 2019 and 2020.

According to the July report of the Fund, the oil price will rise by 6.4 and 4.9 of the dollar – to 65,52 and 63,88 USD per barrel.

“Estimated average price of a barrel of oil was 68.33 dollar in 2018. The estimated price based on market futures, 65,52 dollars per barrel in 2019 and 63,88 USD per barrel in 2020,” the report says.

It should be noted at the moment the prices for oil keep at level 63-64 per barrel.

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