International Monetary Fund sharply decreases its forecast on oil prices

International Monetary Fund sharply decreases its forecast on oil prices
  • Clock-gray 19:37
  • calendar-gray 14 April 2020

International Monetary Fund (IMF) has sharply decreased its forecast on average oil prices on world markets for 2020 and 2021, APA-Economics reports citing Fund's April report on world economy (World Economic Outlook).

According to the information, the average price of oil will be $35.61 a barrel in 2020 (in comparison with January) and $37.87 a barrel in 2021 and will remain unchanged in real terms over the medium term.

Emil Ismayilov

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