U.S. reduces forecast on oil prices

08.12.2021,12:06


December 8, Fineko/abc.az. The U.S. has lowered the forecast for Brent crude oil prices for 2021-2022.

ABC.AZ reports that according to the monthly report of the Energy Information Administration under the U.S. Department of Energy, in 2021 the average price of Brent crude oil is expected to reach $70.6 ($0.99 less than the previous forecast).

According to the forecast, in 2022 the price of Brent oil is expected to reach $70.05 ($1.86 less against the previous forecast).