Brent Oil prices forecasted to gain USD 10

04.05.2017

Citigroup analysts report that despite the recovery of the US shale oil producers, in the fourth quarter of 2017 average prices for Brent crude oil may grow due to extension of earlier concluded deal by OPEC and its partners to reduce crude oil production, informs UkrAgroConsult.

They think that in the fourth quarter of 2017 average WTI crude oil prices may reach USD 62 per barrel, while Brent futures – USD 65 per barrel, which is about USD 10 higher than now. At the same time, the refusal of OPEC and its partners to extend the deal to limit production will lead to an acute reduction of crude oil prices.

 

UkrAgroConsult

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