New forecast on oil prices

15:27 - 2.11.2021


November 2, Fineko/abc.az. Bank of America has published a new forecast on oil prices. 

ABC.AZ reports that the Bank predicts an increase in oil prices up to $120/barrel by June 2022. 

Analysts of this bank believe that the current energy crisis, which caused an increase in energy prices in the world, will inevitably lead to an increase in prices for oil futures contracts. Some experts said that in the near future the demand will noticeably exceed supply. They also emphasize that against the background of reduced investments in the development of alternative energy sources, oil prices will rapidly approach the level of $100 a barrel. They believe that this upward trend will manifest itself more clearly in the near future. 

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