The International Monetary Fund (IMF) has significantly raised its forecasts for average oil prices on the global market for 2026–2027, APA-Economics reports, citing the Fund's World Economic Outlook report published in October.
According to the report, the oil price assumption used in the IMF's macroeconomic forecasts has been set at $95.74 per barrel for 2026 and $87.39 per barrel for 2027.
Compared to the Fund's April figures, the oil price forecast for 2026 has been increased by $13.52, or 16.4%, while the forecast for 2027 has been raised by $11.42, or 15%.
Nevertheless, according to the IMF's calculations, the average oil price in 2027 will be $8.35, or 8.7%, lower than in 2026.
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