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Price of Brent crude oil may rise up to $90 - forecast

Oil&Gas Materials 4 October 2018 15:18 (UTC +04:00)

Baku, Azerbaijan, Oct. 4

By Taleh Mursagulov - Trend:

The price of Brent crude oil may rise to $90 per barrel, the daily report of the investment company InvestAz reads.

According to InvestAz analysts, if the upward continues and oil prices break through the level of $86.38, the growth may reach $88.32 and $89.81 per barrel in the future.

InvestAz believes that in case of a change in the trend of the hourly chart and a decrease in the Brent price level below $84.06, then in the future oil prices may drop to $82.56 and $81.51 per barrel.

The price for a barrel of Brent Dated, produced from the North Sea, stood at $85.73 on October 3.

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $86.96 per barrel at the Italian port of Augusta and the AZERI Light FOB Ceyhan oil price was $86.15 per barrel on October 3.

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