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IMF Sees Oil Prices Averaging $50 In 2021

Author: External Author | | Categories: Oil Well Optimization , Oilfield Service Company , Oilfield Services , Oilfield Swabbing


Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019, the International Monetary Fund (IMF) said in its World Economic Outlook Update on Tuesday.  

In the October update, the IMF had expected oil prices—which it calculates at the simple average of the prices of Brent, Dubai Fateh, and West Texas Intermediate crude—to average $46.70 a barrel in 2021.

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Original Article Source Credits:   Oil Price , https://oilprice.com/

Article Written By:   Tsvetana Paraskova 

Original Article Posted on:  Jan 26, 2021

Link to Original Article:  https://oilprice.com/Energy/Oil-Prices/IMF-Sees-Oil-Prices-Averaging-50-In-2021.html