Baku, Azerbaijan, Dec.15
By Leman Zeynalova – Trend:
Brent crude oil prices will range between $60 and $55 per barrel throughout 2018, according to the British economic research and consulting company Capital Economics.
This is while the UK company forecasts West Texas Intermediate (WTI) oil prices to vary between $56 and $52 per barrel next year.
The quarterly forecast for Brent is as follows: $60 per barrel in Q1 2018, $58 per barrel in Q2, $56 per barrel in Q3 and $55 per barrel in Q4, according to Capital Economics.
The company expects WTI prices to stand at $56 per barrel in Q1 2018, $55 per barrel in Q2, $54 per barrel in Q3 and $52 per barrel in Q4.
As for OPEC basket price, Capital Economics forecasts it to start the year with $57 per barrel in Q1, $55 per barrel in Q2, $53 per barrel in Q3 and $52 per barrel in Q4 of 2018.
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