Forecast: Cost of oil to rise almost up to $62

16:37 - 14.12.2020

December 14, Fineko/abc.az. The price of oil can rise up to $62 a barrel by the end of next year.

ABC.AZ reports that experts link this with a decrease in the supply of oil on the market.

Stressing that the price of Brent crude oil has recently grown up to $50, economists noted that the growth will continue in 2021 as well.

According to their forecast, this trend will become more noticeable in the 2nd half of the year, especially against the background of the fact that the world may begin the process of mass vaccination against coronavirus.

By Elmir Murad

 

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