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Forecast Of Brent Oil Price In 2018
Mar 01, 2018

Thanks to the extend production cuts agreement of OPEC and Russia-led non-OPEC oil producers, the international oil prices continued to pick up. However, rising oil prices prompted US oil producers to operate at full capacity and cast doubt on the market's rate of implementation of the bargaining agreement. In addition, a stronger dollar has reduced the attractiveness of oil in dollar-denominated oil and weighed on oil prices. Therefore, the current round of oil price pick-up is a flash or long-term phenomenon, the major agencies have different opinions.

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