World Bank Predicts $55 Per Barrel of Oil This Year

By hellenicshippingnews.. An annual forecast for industrial commodities is predicting an average price of $55 for a barrel of oil in 2017, increasing to $60 the following year, the World Bank said in a report. “Rising oil prices, supported by production cutbacks by Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC states, will allow […]