World Bank decreases its forecast for next year's oil price

World Bank decreases its forecast for next year
# 31 October 2023 10:25 (UTC +04:00)

The World Bank has changed its forecast for the average price of Brent oil for 2022-2023, APA-Economics reports citing the report of the World Bank on the commodity markets.

In accordance with the forecast, in 2023, the average price of Brent oil will make up to USD 84 and it’s equal to last year’s forecast.

According to forecast of World Bank, the price of Brent oil will make up to USD 81 in 2024, making it 5% less than last year’s forecasts.

Specialists of the World Bank consider that in 2025, Brent oil prices will further decrease and the average price of it will make up USD 80.

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