Baku, Azerbaijan, July 21
By Elena Kosolapova - Trend:
World oil prices are rising on July 21.
The price for September futures of Brent oil has increased by 0.04 percent to $49.32 per barrel as of 2:07 a.m. EDT (UTC-4).
The price for September futures of West Texas Intermediate (WTI) rose by 0.04 percent and stood at $46.94 per barrel as of 2:07 a.m. EDT (UTC-4).
The US Energy Information Administration (EIA) in its July 2017 Short-term Energy Outlook forecasts average price for Brent oil at $50.79 per barrel in 2017 and $51.58 per barrel in 2018.
WTI oil prices are forecast at $48.95 per barrel in 2017 and $49.58 per barrel in 2018, according to the EIA.