Date: 6 months ago   Category: Financial

The IMF worsened the forecast for prices of oil


In the next two years the cost of oil will be lower than 60 dollars for barrel, analysts of Fund are sure. The International Monetary Fund worsened the forecast for price of oil in 2019 and 2020 to level below $60 for barrel. It is said in the January report of the World Economic Outlook organization. So, according to the updated forecast of the IMF, price of oil will be $58.95 for barrel in 2019 and $58.74 for barrel in 2020 against $69 and $66 for barrel as it was predicted in October, 2018. "Prices of oil since August, 2018 were volatile under the influence of changes of level of the offer in the world, policy of the USA for export of the Iranian oil and, recently, fears about decrease in global demand. As of the beginning of January of price of oil were recorded at the level of about $55 for barrel, and the markets expected that the prices in general will remain near this level within the next four-five years", - experts in the report of the IMF noted. Earlier the IMF expected reduction of prices of oil to the level of $60 for barrel only by 2023. Meanwhile, prices of oil continue to rise in price, having exceeded a mark of 63 dollars for barrel. Earlier the forecast for prices of oil was lowered by analysts of Morgan Stanley bank. They have a forecast more optimistic - the cost of Brent oil will not exceed 65 dollars for barrel in the next two years. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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