IMF lifts forecast for global oil prices

IMF lifts forecast for global oil prices
  • Clock-gray 18:23
  • calendar-gray 26 January 2021

The International Monetary Fund (IMF) has raised its forecast for world oil prices for the current year by $3.3 to $50.03,

APA-Economics reports quoting the IMF's January report.

According to the IMF, the average price for a barrel of oil last year was $ 41.29.

The report notes that expectations for rising oil prices in 2021 reflect the projected recovery of the global economy. The report also notes that despite the expected increase in oil prices, they will be much lower than in 2019.

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