Crude Oil Prices : Long Term Forecast to 2025
Changes of world crude oil price have always been in the focus of economic and financial news. The higher crude oil prices are, the more positive is the economic outlook for petroleum exporters. On the contrary, countries dependent on petroleum imports suffer from high energy prices.
In Jule 2013 The World Bank released its Commodity Forecast, which predicts that world crude oil price will decrease from $105/barr. in 2012 to $96/barr. in 2013 and to $100/barr. by 2020. According to Commodity Price Forecast from IMF, spot average price fore crude oil will drop to $87.9/barr. by 2018