The price of oil in 2016 will fall by 20%, predicts the World Bank
Date: 12:17, 11-08-2015.
Almaty. August 11. Silkroadnews - After a full return of Iran to the world market, volume of oil sold will increase by about 1 million barrels a day, which will lead to lower prices by about $10 per barrel or 21% compared to today's level, reported the Deutsche Welle.
According to Bloomberg, at the close of trading on August 10 the price of Brent crude contract at the Intercontinental Exchange was $50.41/bbl. The cost of crude oil WTI on the New York Mercantile Exchange settled at around $44.8/bbl.
