Average oil price to increase by 12% this year-FORECAST

Average oil price to increase by 12% this year-FORECAST
# 25 January 2022 18:39 (UTC +04:00)

The average oil price is expected to increase by 11,9% compared to the previous year and to reach USD 77,31 per barrel this year, according to World Economic Outlook report of the International Monetary Fund, APA-Economics reports.

At the same time, next year the price of oil will decrease by be 7,8% and make up USD 71,29 per barrel as report authors forecasted.

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