Photo: Evgeny Odinokov / RIA Novosti
Goldman Sachs analysts have identified future world oil prices. According to their forecasts, the rally in the commodities market will not last long, and soon oil will become cheaper. This will contribute to filling repositories and uncertainty about demand, writes Reuters.
In the short term, the Bank predicts a reduction in the cost of a barrel of benchmark Brent crude to $ 35. Monday, June 8, the cost of the August futures on Brent for the first time since March exceeded $ 43 per barrel. The growth of quotations is connected with the decision of OPEC+ extend the current options for reducing extraction of raw materials for another month. Thus, production will be at 9.7 million barrels per day by the end of July.
The world Bank predicts oil even more cheaper: up to 32 dollars per barrel for the year. In 2021-m average price of a barrel of oil will be $ 38, economists say.
Video, photo All from Russia.