EC raises its forecast for Brent oil price in 2024

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The European Commission (EC) in the new economic forecast raised the estimate of the Brent crude oil price for 2023 to $76.3 per barrel from $63.9 in the previous forecast, Report informs.

In 2024, the EC expects the price of Brent crude at $72.1 per barrel instead of $61.6 per barrel expected last fall.

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