Oil price broke out the maximum of 2014

The average price of a barrel Brent in 2018 can be $ 60

Photo: Wikimedia Commons

Brent oil oil as of 15:37 Moscow time is traded at $ 69.32 per barrel. The last time more than $ 69, oil cost in May 2015, and the WTI variety ($ 63.6 per barrel) updated the maximum of December 2014.

• Analysts associate the increase in prices with the extension of the OPEC agreement to reduce oil production before the end of 2018 and the publication of data on reducing oil reserves in the United States. Today, the data of the US Treasury will be published, if they confirm the API information, then the winter reduction in stocks will become maximum since 1999.
• Yesterday, the American agency EIA for the second time since November improved the forecast for oil prices - it is now expected that Brent in 2018 it will be on average $ 60 per barrel, although $ 53 were forecasted back in October. After extending the agreement of Russia and the OPEC, Goldman Sachs predicted the value of Brent in 2018 at the level of $ 62 per barrel.
• In November, Merril Lynch analysts predicted that in the near future the price of oil could reach a “cyclic peak” of $ 75 - then such a forecast seemed too optimistic, now this figure looks more real.
• The Russian federal budget for 2018-2020 was formed based on oil cost of $ 43.8 per barrel.

What am I to me?

Everything is simple with Russia - the higher the price of oil, the better we all live. Following oil prices, the ruble has also grown - from mid -November it has risen in price by 5%, from 60 to 57 rubles./$.