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ING: Oil price to rise to 95 dollars

ING: Oil price to rise to 95 dollars

14 August 2023 12:23 (UTC +04:00)

Internationale Nederlanden Groep (ING) the international banking and financial services corporation of the Netherlands, has announced its forecast regarding the price of oil, APA-Economics reports.

According to ING's forecast, the price of a barrel of Brent oil will amount to $86 in this year's third quarter and to $92 in the end of the year. ING believes that the price of oil will rise to $95 in the first quarter of 2024.

In general, the financial corporation forecasts that the average annual price of oil will be $84 in 2023, $89 in 2024 and $75 in 2025.

Rahim Tariverdiyev

ING oil price Brent forecast

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