IMF raises its forecast for average oil prices in 2021, 2022

IMF raises its forecast for average oil prices in 2021, 2022 The International Monetary Fund (IMF) has increased its forecast for average global oil prices for the current year by $0.98, to $65.68 per barrel, and by $1.50 in 2022, to $64.5 per barrel
Energy
October 12, 2021 17:46
IMF raises its forecast for average oil prices in 2021, 2022

The International Monetary Fund (IMF) has increased its forecast for average global oil prices for the current year by $0.98, to $65.68 per barrel, and by $1.50 in 2022, to $64.5 per barrel, according to the IMF’s October World Economic Outlook (WEO), Report informs.

According to the IMF, the average oil price in 2020 was $41.29 per barrel. In July, the fund predicted the oil price in 2021 at $64.7 per barrel.

This morning the price of a barrel of December futures for Brent oil amounted to $83.86 (up 0.25%). A barrel of November futures for WTI crude was traded at $80.70 (up 0.22%). During the previous trades, both benchmark grades gained 1.5%.

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