The world Bank worsened the forecast on oil prices

Всемирный банк ухудшил прогноз цен на нефть

Updated forecast for growth in oil prices

Oil this year will grow to a maximum of $53 per barrel.

The world Bank downgraded its forecast for growth in oil prices in 2017 by $2 per barrel to $53. This is stated in the report of the organization devoted to the commodity price.

At the same time, on the next 2018 forecast oil prices fell $4 to $56 per barrel of “black gold”.

“It is expected that oil prices will rise to $56 per barrel in 2018, with $53 this year, due to ever increasing demand, an agreed reduction in oil production among oil exporters and the stabilization of shale oil in the USA”, – the document says.

Earlier the world Bank predicted the growth in the price of oil to $55 in the current year. For 2018 until then, the organization predicted a barrel of raw materials at $60.

We will remind, the international monetary Fund lowered its forecast for global oil prices for 2017 and 2018. The IMF analysts expect oil is cheaper than three dollars – is 51.9 and 52 dollars a barrel.