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    World Bank: Oil price may reach 55 USD/barrel in 2017

    In 2018, oil price is predicted to be 59.9 USD/barrel

    Baku. 9 November. REPORT.AZ/ The average price of oil will reach 55 USD/barrel in 2017, and 59.9 USD/barrel in 2018.

    Report informs, World Bank’s report says.

    According to forecasts, in 2016 average price of oil will stay at 43 USD/barrel, or 15% lower than in 2015.

    Also in 2017, growth in demand, particularly in the second half of the year will lead to increase the volume of oil output, respectively oil decline in storage facilities.

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