World Bank expects oil prices to rise in 2017Staff Writer | January 26, 2017
The average price of the oil barrel for 2017 will be around $55, a 26% higher than the previous year, the World Bank stressed.
Energy The strengthening of the demand
"Oil prices are expected to remain at $55 per barrel, unchanged regarding our October estimates, and a 26 percent more than 2016 average price of $43 per barrel," said the quarterly report Of the WB on the progress of industrial commodities.
The figures are based on a "partial compliance" of the covenant succeeded by OPEC, and the market is expected to hit the readjustment in the second half of the year, "which would reduce the existing inventory," the analysis said. ■