Baku, Azerbaijan, Oct.19
By Leman Zeynalova – Trend:
Brent crude oil prices are expected to reach $70 per barrel in 2020, according to the analysts of the UK Capital Economics consulting company.
The prices for Brent oil will stand at $45 per barrel in 2016 and increase to $60 per barrel in 2017, according to the report of Capital Economics obtained by Trend.
Brent prices will continue rising in 2018 and 2019, to $65 per barrel and $68 per barrel, respectively, said the report.
The WTI crude oil prices are also expected to stand at $70 per barrel in 2020, according to the report.
The prices for WTI will be $45 per barrel in 2016 and rise to $60 per barrel in 2017, said the analysts of Capital Economics.
WTI prices will continue increasing in 2018 and 2019, to $65 per barrel and $68 per barrel, respectively, said the report.
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