Home IMF forecasts oil prices at $60 in 2023 – TASS World News
FXStreet News

IMF forecasts oil prices at $60 in 2023 – TASS World News

The International Monetary Fund (IMF) forecasts oil prices at $68.78 per barrel in 2019 and $60 per barrel in 2023, according to the World Economic Outlook report released on Tuesday.

Key points

Oil prices are expected to average $69.38 a barrel in 2018 (higher than the April 2018 WEO projection of $62.30 and the 2017 price of $52.80 a barrel).

Global oil supply is expected to gradually increase over the forecast horizon, lowering oil prices to $68.76 a barrel in 2019, and further to about $60 a barrel in 2023.

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.