World Bank increased prognosis of oil price by $2

Almaty. July 27. Silkroadnews -The World Bank has increased the prognosis of oil price for 2016, reports the RBK.
According to the financial organization it won't be at the level of $41 as it was assumed in April, but it will make $43 per barrel. The reason is in breaks in supplies and growth of demand in the second quarter. According to the WB, oil prices increased by 37% in the second quarter of the year due to fires in Canada and "sabotage of the oil infrastructure in Nigeria".
"We expect to see higher prices in the second half 2016, while oversupply is going down in the oil market. At the same time, the stocks are huge, and time is needed for its decrease," said John Baffes, chief economist of Commodity Markets Outlook.
In general the prices for energy carriers will drop by 16.4% year on year, said the bank. But the Bank forecasts smoother drop in April's prognosis it was 19.3%.
The World Bank expects reduction of oil prices for almost all the crude products in 2016 despite rehabilitation of prices for some of them.