European Commission reduce forecast on oil price

Gunel Abbasova
Post's author

The European Commission has reduced its forecast on the average price of the Brent crude for 2020 from $60.4 a barrel to $38.4 a barrel, Report informs, citing the Commission.

The Commission has also cut the forecast for 2021 from $56.9 a barrel to $40.2 a barrel. 

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