World Bank lowers its forecast for crude oil prices in 2016 to $ 37


Published in: 19:52, January 26, 2016

Opinion economy

The World Bank announced today cut its forecast for crude oil prices in 2016 to $ 37 per barrel compared to $ 51 predicted his report issued last October.
The bank said that "lowering expectations was the result of several factors, including the resumption of oil exports, Iran's imminent, and increased flexibility in the production of the United States as a result of cost reduction, increased efficiency, and mild winter, cooler in the northern hemisphere, and diminished growth prospects in emerging economies markets."
The report favored the continued decline in average oil prices by 27% in 2016 after falling by 47% in 2015. is over

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