Oil prices may reach $55 dollars

Due to the oil production cut between the members of the Organization of Exporting Countries (Opec), the World Bank increased its forecast and estimates that this year from 2017, the oil price is at $55 bucks.

The "World Commodity Markets Outlook" of the World Bank publication that comes out four times a year, as well as the International Energy Agency (IEA), also made predictions about the price of oil.

However, the IEA reported that, despite the markets return to recover with a possible balance in the first quarter, if reached the agreed cuts, the prognosis is that the value of the oil is still very volatile.


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