EBRD Does Not Believe in Oil Prices Rising above $ 65
2017 November 08 ( Tuesday ) 10:17:52
Baku/08.11.17/ Turan: The European Bank for Reconstruction and Development (EBRD) expects that the price for Brent crude oil will be in the range of $ 55-65 per barrel in the medium term, according to the bank"s updated Regional Economic Prospects report.
The report notes that in September, oil prices reached their highest levels since the summer of 2015, in part because of a weaker US dollar and stronger global oil demand.
"The average price for oil in the first 10 months of this year was 19 percent higher than in the same period in 2016," the report says. -0-