World Bank: Oil in 2017 will cost in the range of $55 – Komsomolskaya Pravda

the world Bank has confirmed its previous forecast for oil prices in 2017, “black gold” will cost an average of $ 55 per barrel.

As noted in the new issue of the quarterly report on the status and prospects of commodity markets, annual average oil prices compared to the previous year 2016 should increase by 29%.

in compiling the report, its authors proceeded from the “partial compliance” by the member countries of OPEC and other oil-producing States recent agreement “to limit production after the long period of unrestricted production,” reports TASS.

Recall that in late November of last year OPEC countries and another 11 countries that are not members of the cartel agreed to reduce oil production: OPEC’s 1.2 million barrels per day and the rest on 558 thousand. After that, the oil market had a positive dynamics of prices.