Azerbaijan, Baku, Feb. 7 / Trend A.Badalova /
Analysts at the U.S. bank JP Morgan predict world oil prices to reach about $130 per barrel by the end of 2013.
According to the analysts' monthly oil market report the average price for Brent will be at $112 per barrel and for WTI - at $107 per barrel in 2012. Previously analysts forecasted for 2012 Brent price at $115 per barrel, and WTI price at $110 per barrel.
In 2012 the highest prices will be observed in the fourth quarter - at $120 per barrel for Brent and at $116 per WTI.
Analysts predict the average Brent price at $121 per barrel, the WTI - at $118 per barrel in 2013.
The highest prices for the next year are predicted in the fourth quarter - at $130 per barrel for Brent and at $118 per barrel for WTI.
Following the auction on February 6, the price on Brent futures for March decrease by $0.12 a barrel up to $115.81 per barrel. The cost of WTI futures for March on the New York Mercantile Exchange decreased by $0.05 percent to $98.86 per barrel.
JP Morgan forecasts for oil prices, 2012, 2013 (in $/bl)
|
2012 I Q. |
2012 II Q. |
2012 III Q. |
2012 IV Q. |
2012 |
2013 I Q. |
2013 II Q |
2013 III Q. |
2013 IV Q. |
2013 |
|
|
Brent |
105 |
110 |
115 |
120 |
112 |
120 |
115 |
120 |
130 |
121 |
|
WTI |
98 |
105 |
110.5 |
116 |
110 |
116.5 |
111.5 |
117 |
127 |
118 |