Analysts of the international financial holding Citigroup predict that the average price of a barrel of Brent oil will rise to $ 50 in the third quarter of 2016 and to $ 65 by the end of 2017. This service reported market and financial information, MarketWatch, citing a report by the Bank.
Your forecast experts explain the slowdown in production growth by countries outside the OPEC. In addition, this year there were serious supply disruptions from Nigeria, Libya and Canada. As noted in the financial report of the group in the near future is not expected to cause price reductions.
The analysts believe that the mark of 50 dollars per barrel may be achieved earlier than the beginning of the third quarter of this year.
In its previous forecast, the experts stressed that achieving this level of prices is unlikely until the fourth quarter of 2016. By the end of 2017 they previously predicted a price of 60 dollars per barrel.
WTI, according to experts of Citigroup, will strike a note of 50 dollars per barrel by the end of this year, and by the end of next — will reach 61 per barrel.
24 may at 16:10 GMT, Brent crude was worth 48.57 $ per barrel, WTI — 48,50 dollar.
A day earlier, the forecast for the price of oil has improved, analysts Bank Goldman Sachs. According to their forecast, this year the average price of a barrel of Brent will be $ 45 (as per previous assessment — $ 39). Also, increased WTI forecast by brand — from 38 to 45 dollars per barrel.
