Brent oil prices to rise to $55 - FORECAST

Brent oil prices to rise to $55 - <span class=FORECAST'>
# 12 March 2020 11:02 (UTC +04:00)

US Energy Information Administration forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019, APA-Economics reports citing EIA.

For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year.

EIA forecasts that average Brent prices will rise to an average of $55/b in 2021, as declining global oil inventories put upward pressure on prices.

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